Ethereum Name Service Price Prediction for Today, August 6: ENS/USD May Cross Above $10.00 Level

Updated: 08 August 2023

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The Ethereum Name Service price prediction could set a bullish run if the market can attempt to climb back above the resistance level of $10.00.

Ethereum Name Service Statistics Data:

Ethereum Name Service price now – $9.01
Ethereum Name Service market cap – $257.8 million
Ethereum Name Service circulating supply – 28.7 million
Ethereum Name Service total supply – 100 million
Ethereum Name Service Coinmarketcap ranking – #116

ENS/USD Market

Key Levels:

Resistance levels: $11.00, $12.00, $13.00

Support levels: $7.00, $6.00, $5.00

The Ethereum Name Service price prediction could set a bullish run if the market can attempt to climb back above the resistance level of $10.00. — ENSUSD – Daily Chart

ENS/USD is seen moving to cross above the upper boundary of the channel as the coin trades at $9.01 resistance For the fact that the coin is recording a slight gain, the Ethereum Name Service price may begin to maintain a bullish movement within the channel if the coin crosses above the 9-day and 21-day moving averages.

Ethereum Name Service Price Prediction: ENS May Consolidate to the Upside

The Ethereum Name Service price is hovering at $102.82 but crossing above the moving averages may push the market price toward the upper boundary of the channel. Meanwhile, traders can expect a bullish continuation, and as the technical indicator, Relative Strength Index (14) reveals, the signal line is seen moving above 40-level. However, the possible resistance levels could be located at $11.00, $12.00, and $13.00 if the signal line crosses above the 50-level.

At the time of writing, the Ethereum Name Service price is currently moving sideways in the short term, and any bearish movement toward the lower boundary of the channel may bring the coin to the long-term support levels of $7.00, $6.00, and $5.00 respectively.

Against Bitcoin, the Ethereum Name Service price could begin the upward movement but has yet to cross above the 9-day and 21-day moving averages. Should in case of a bullish spike above the channel, there is a need for an increasing volume and resistance to cause an upsurge in the market, if not, the market may move sideways. At the moment, ENS/BTC is hovering at 3090 SAT as traders can expect close support at 2500 SAT and below.

However, if the buyers push the Ethereum Name Service price to the upside, it may likely hit the nearest resistance level at 3500 SAT. Moreover, any additional gains may hit the potential resistance at 3800 SAT and above as the technical indicator Relative Strength Index (14) moves toward the 50-level.

Ethereum Name Service Alternatives

Looking at the daily chart, the Ethereum Name Service bulls are coming into the market, if the buyers put more effort and push the coin above the 9-day and 21-day moving averages, it may likely cause the coin to hit a higher resistance level.

Nevertheless, the crypto market is back with a bang, as Wall Street Memes token keeps seeing a significant uptick in investor interest. At the time of writing, WSM tokens are in presale, and almost $21 million has been raised so far.

New OKX Listing - Wall Street Memes

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