Ethereum Name Service Price Prediction: ENS Encounters a Resistance ByAzeez MustaphaPRO INVESTOR Updated: 07 June 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Ethereum Name Service (ENS) Price Prediction – June 6There hasn’t been a significant upward force in the ENS/USD market operations to suggest a favorable trading condition toward increases in the market valuation as price encounters a resistance. On approximation, the price trades around $12 at a percentage rate of 7.58 positive.ENS Price Statistics:ENS price now – $11.84ENS market cap -$240 millionENS circulating supply – 20.2 millionENS total supply – 100 millionCoinmarketcap ranking – #131ENS/USD Market Key Levels: Resistance levels: $15, $17, $19Support levels: $7, $5, $3ENS/USD – Daily Chart The ENS/USD daily chart reveals the market price encounters a resistance around the trend line of the 14-day SMA indicator underneath the 50-day SMA indicator. The horizontal line is underneath the formation of trading candlesticks. And the bearish trend line above the SMAs shows the business activities feature within a descending triangular pattern until the present. The Stochastic Oscillators are a bit below the 80 range, trying to cross northbound. Buy Ethereum Name Service Now Will the ENS/USD market bulls push past the 14-day SMA trend line in the near time? Presently, the ENS/USD market operation encounters a resistance around the trend line of the 14-day SMA to affirm the crypto may still trend downward if the price tends to surface in a range for long around the indicator’s value line. Buying opportunities will come up while price averages at a low point around the horizontal line drawn. Investors can begin to introduce some of their capital between $12 and $5 points.On the downside of the technical, it would be psychologically sound better that short-position takers needed to exercise patience toward getting a correctional motion when the price fails to breach northward and position above the trend lines of the SMAs. The ENS/USD market sellers have to solidify their stances below the $15 resistance level to ensure continuity in the bearish trend of the crypto transactions. ENS/BTC Price Analysis In comparison, ENS has not been able to swing upward against the trending capacity of BTC overly, running into several sessions. The cryptocurrency pair price encounters a resistance around the trend line of the smaller SMA. Variant candlesticks formed so far signed the trending outlook is in a range-bound trading zone. The Stochastic Oscillators are somewhat slantingly bending northbound at a range of 60. That shows the base crypto is on striving mote to push against the counter-trading crypto. eToro - Automated Copytrading of Profitable Traders Our Rating 83.7% Average Annual Returns with CopyTrader™ feature Review Traders' Performance, choose from 1 - 100 to Copytrade No Management Fees Free Demo Account Social Media & Forum Community - Trusted by Millions of Users Start Copytrading 68% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy cryptocurrency Join Our Telegram channel to stay up to date on breaking news coverage