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The Ethereum Name Service price prediction could set a bullish run if the market can keep the coin above the resistance level of $7.50.
- Ethereum Name Service Prediction Statistics Data:
- Ethereum Name Service price now – $7.50
- Ethereum Name Service market cap – $220.1 million
- Ethereum Name Service circulating supply – 29.6 million
- Ethereum Name Service total supply – 100 million
- Ethereum Name Service Coinmarketcap ranking – #117
ENS/USD Market
Key Levels:
Resistance levels: $8.50, $8.52, $5.54
Support levels: $6.54, $6.52, $6.50
ENS/USD is running a little retracement move above $7.52 with price growth of 1.31%. For the fact that the coin is recording some gain, the Ethereum Name Service price may follow a sideways movement within the channel if the coin crosses above the 9-day and 21-day moving averages. Meanwhile, traders can expect the price to continue to rise if the bulls put more pressure on the market.
Ethereum Name Service Price Prediction: ENS May Move Upside
The Ethereum Name Service price is hovering toward the moving average at around $7.50. If the price begins to create a bullish movement, traders can then expect a bullish continuation toward the upper boundary of the channel. Meanwhile, as the technical indicator Relative Strength Index (14) is likely to cross above the 50-level, the possible resistance levels could be found at $8.50, $8.52, and $8.54 in the long term.
However, if the coin follows the bullish movement for the next couple of days, traders may witness more of it to reach higher levels. Meanwhile, the Ethereum Name Service price is trying to create a bullish movement in the short term. On the contrary, any bearish movement toward the south could roll the coin back to the long-term support at $6.54, $6.52, and $6.50 levels.
ENS/BTC Looks Good
Against Bitcoin, Ethereum Name Service continues to follow the bearish movement but it is trading below the 9-day and 21-day moving averages. However, with the look of things, there is a need for an increasing volume and resistance to cause an upsurge in the market. At the moment, Ethereum Name Service (ENS) is trading around the 2822 SAT. Therefore, traders can expect close support at 2600 SAT and below.
However, if a bullish move pushes the price above the moving averages; traders can then confirm a bull run for the coin. Moreover, the closest resistance could be located at 3000 SAT and above as the technical indicator Relative Strength Index (14) moves above the 40-level, suggesting bullish movement.
Alternatives to Ethereum Name Service
The Ethereum Name Service bulls are coming into the market and a push from the current market value could send the price straight to the resistance level of $8.0, but if the current level fails to hold strong, the Ethereum Name Service (ENS) could slip below the support level of $7.0.
Nevertheless, the Wall Street Memes token presale ends on September 25, 2023, at 6:00 pm UTC and then will be listed on several tier-one exchanges on September 27, 2023. The names of these exchanges will soon be announced.
Even there have been over 4700 buys for the token on the Ethereum presale contract in the last 24 hours. To put it in another way, around 8100 buys in total when combining BNB and ETH presale contracts over the last 24 hours.
Wall Street Memes is getting more searches than Wallstreetbets (worldwide) as presale closes, and as a result, wise investors have been actively capitalizing on the presale token as it ends today.
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