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According to the daily chart, after touching the daily low of $9.78, the Ethereum Name Service price prediction touches a new daily high of $10.23.
Ethereum Name Service Prediction Statistics Data:
- Ethereum Name Service price now – $10.14
- Ethereum Name Service market cap – $302.3 million
- Ethereum Name Service circulating supply – 30.3 million
- Ethereum Name Service total supply – 100 million
- Ethereum Name Service Coinmarketcap ranking – #163
ENS/USD Market
Key Levels:
Resistance levels: $11.5, $12.0, $12.5
Support levels: $8.5, $8.0, $7.5
ENS/USD is trading at $10.14 after confirming a daily uptrend and rising toward the upper boundary of the channel. However, the Ethereum Name Service is making a triumphant return above the 9-day and 21-day moving averages; therefore, ENS touches a new daily high at over $10.23 resistance level. At the time of writing, ENS validates the $9.78 level as support, before resuming its upward movement.
Ethereum Name Service Price Prediction: ENS Ready to Blow Hot
As the daily chart reveals, the 9-day moving average is confidently above the 21-day moving average. The Ethereum Name Service price is likewise trading at the resistance level of $19.87, which connotes that buyers are gaining the upper hand in the market. However, all the technical indicators are pointing up to indicate a buy signal.
Meanwhile, if the buyers push the price above the upper boundary of the channel and the daily candlestick closes above this barrier, the market price may rally toward the resistance levels of $11.5, $12.0, and $12.5, while the supports could be located at $8.5, $8.0, and $7.5 respectively.
ENS/BTC Prepares for the Upward Movement
Against Bitcoin, if the Ethereum Name Service price continues to follow a bullish surge above the 9-day and 21-day moving averages, its price may swing high above the upper boundary of the channel to touch the resistance level of 2800 SAT and above.
On the contrary, sliding below the moving averages could lead the coin to the support level of 2000 SAT and below. Meanwhile, the 9-day MA rises above the 21-day MA, to confirm the bullish movement within the market.
Ethereum Name Service Alternatives
Bullish momentum is building for the Ethereum Name Service (ENS), potentially propelling its market value towards the resistance level of $10.5. Conversely, if the current support level at $9.5 weakens, ENS may dip below this threshold. Nevertheless, ENS is demonstrating a bullish trend within its trading channel. As bullish forces exert greater influence on the market, traders can anticipate a continued upward trajectory in the ENS price.
However, while Ethereum Name Service (ENS) boasts a market cap of $302.3 million, it may face challenges in achieving significant price appreciation. On the other hand, Bitcoin Minetrix stands out with its unique stake-to-mine mechanism, securing a remarkable $6.8 million during its current presale phase. Therefore, investors seeking lucrative prospects might find BTCMTX appealing due to its innovative attributes and the enthusiastic reception it has received in the presale stage.
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