Ethereum Name Service Price Prediction for Today, January 12 – ENS Technical Analysis

Over the past 24 hours, Ethereum Name Service (ENS) price prediction has gained 23.4% and the next resistance level could be at $18.

Ethereum Name Service Prediction Statistics Data:

• Ethereum Name Service price now – $16.12
• Ethereum Name Service market cap – $654.4 million
• Ethereum Name Service circulating supply – 30.4 million
• Ethereum Name Service total supply – 100 million
• Ethereum Name Service Coinmarketcap ranking – #132

ENS/USD Market

Key Levels:

Resistance levels: $20, $21, $22

Support levels: $10, $9, $8

ENS/USD is seen moving from $13.0 to the cross above the resistance level of $15.0 in a matter of hours and touched an intraday high at $16.12. While the coin is seen moving to cross above the upper boundary of the channel, the pair could retain the bullish momentum. However, the Ethereum Name Service price is currently trading at $16.12 in a daily uptrend which may most likely form a bull flag in the long term. In the long term, ENS/USD has gained more than 23% in the last 24 hours.

Ethereum Name Service Price Prediction: ENS Price May Go Higher

Due to a strong upside movement of the coin, the Ethereum Name Service price faces an uptrend as it is getting ready to cross above the upper boundary of the channel. However, yesterday’s low at $12.20 serves as strong support for the coin, therefore, if it is broken, the sell-off may be extended to $11.

At the moment, the bulls are planning to retain the market by keeping the Ethereum Name Service price above the 9-day and 21-day moving averages. However, if the price moves below this barrier, it could hit the support levels of $10, $9, and $8. As the daily chart reveals, the 9-day MA remains above the 21-day MA, which indicates that the bullish trend may continue to play out. Moreover, if the bulls can put more effort and push the Ethereum Name Service price higher, further resistance levels could be found at $20, $21, and $22.

ENS/BTC Could Make More Gains

Against Bitcoin, the Ethereum Name Service (ENS) is demonstrating a positive sign above the 9-day and 21-day moving averages. However, the trend is rising in the short term and could move out of the channel soon. It is currently changing hands at 8498 SAT, but the coin is still very close to the upper boundary of the channel.

Moreover, if the coin crosses above the channel, the potential resistance level could be found at 4200 SAT and above but sliding below the lower boundary of the channel may locate the closest support level at 2300 SAT and below. Therefore, the 9-day moving average remains above the 21-day moving average, indicating more bullish signals.

Alternatives to Ethereum Name Service

The Ethereum Name Service (ENS) price is near $16.12 on the daily chart, suggesting a potential upward trend to breach the channel’s upper boundary. The current trend indicates ENS is likely to remain above the 9-day and 21-day moving averages, maintaining its bullish momentum, with further upward movement possible if bullish factors strengthen.

Currently, Ethereum Name Service ranks 132nd on CoinMarketCap. Yet, all eyes are turning towards Bitcoin Minetrix (BTCMTX), a fresh contender with vast potential. Investors have a golden chance to invest in and stake BTCMTX tokens, unlocking coveted cloud mining credits. Prioritizing security and transparency within this decentralized ecosystem is vital. Remarkably, the presale for BTCMTX has already achieved a significant milestone, exceeding $8.2 million.