According to the daily chart, after touching the daily low of $15.9, the Ethereum Name Service price prediction touches a new daily high of $20.1.
Ethereum Name Service Prediction Statistics Data:
- Ethereum Name Service price now – $19.87
- Ethereum Name Service market cap – $400.6 million
- Ethereum Name Service circulating supply – 20.2 million
- Ethereum Name Service total supply – 100 million
- Ethereum Name Service Coinmarketcap ranking – #82
Resistance levels: $24, $26, $28
Support levels: $14, $12, $10
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ENS/USD is trading at $19.87 after confirming a daily uptrend and climbing 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 $20.1 resistance level. At the time of writing, ENS validates the $15.92 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 is likewise trading at the resistance level of $19.87, which connotes that buyers are gaining upper hand in the market. However, the technical indicator Relative Strength Index (14) is currently moving to cross into the overbought region, pointing up to indicate a buy signal.
Meanwhile, should in case 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 $24, $26, and $28, while the supports could be located at $14, $12, and $10 respectively.
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 1200 SAT and above.
Meanwhile, on the contrary, crossing below the 9-day and 21-day moving averages could lead the coin to the support level of 7500 SAT and below. On the technical indicator, the Relative Strength Index (14) signal line is trying to cross into the overbought region, to confirm the bullish movement within the market.
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