The price of the Ethereum name service surges 16% as the SEC halts its Ethereum 2.0 probe and presales of this AI Meme coin surpass $6 million.
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The price of Ethereum Name Service has surged 16% in the last 24 hours. Traded for $26.08 As of 5:23 a.m. EST, trading volume had increased 26% to $288 million.
The pump comes after Consensys said the U.S. Securities and Exchange Commission would stop investigating whether Ethereum is a security. After the announcement, the price of Ethereum soared and broke the critical resistance level of $3,500.
The surge seen in Ethereum was also evident in other ERC-20 tokens, as the Consensys news appeared to allay recent concerns about potential securities law violations.
later @Consensys I posted it like this: #secretary The investigation into #Ethereum 2.0, whale bought 5,603 more $ETH($19.6 million).
16,604 whales evacuated $ETH($59 million) has an average price of $3,600. #Binance From May 30th https://t.co/NYbgSJevaT pic.twitter.com/N3vsISPeyX
— Lookonchain (@lookonchain) June 19, 2024
In early June, ENS bulls failed to capitalize on a rounding bottom pattern that pushed the Ethereum Name Service price above the $28.57 resistance level, sending the token back towards the $19.67 support level. gecko terminal.
However, the ENS price appears to be rebounding, forming a handle pattern with the handle of the cup, and we can see the Ethereum Name Service price breaking through the resistance line.
Ethereum Name Service Price Prediction
Ethereum Name Service is trading well above its 50-day and 200-day simple moving averages (SMA), confirming the bullish outlook.
Moreover, the Relative Strength Index (RSI) is rising, rushing towards the 70 overbought area, currently trading at 61, indicating strong buying pressure as bulls remain bullish.
Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing the orange signal line, indicating a bullish crossover. A bullish crossover, where the green bar on the histogram begins to form above the zero line, is a signal for investors to add to their positions, which can push the token forward.
Ethereum Name Service Predictions
According to Ethereum Name Service price analysis, ENS shows a strong bullish outlook as bulls leverage key technical indicators to buy more.
The 50-day SMA also crossed the 200-day SMA, forming a golden cross at $17.47, confirming the overall upside potential.
In such a scenario, if the bulls take control of the token and break it above the $28.57 resistance, the long-term target is set at $45.
However, a price correction may occur due to RSI and MACD showing that the token is overbought, which may cause the token to fall to the support zone around $20.05 and $18.29 (50-day and 200-day SMA, respectively).
With ENS prices soaring, some investors are diversifying their portfolios with tokens that combine AI and blockchain technology.
It’s called WienerAI (WAI). The 99Bitcoins YouTube channel says it could potentially rise 100x after launch.
WienerAI pre-sales exceed $6 million
Winner AI (WAI)A new AI-based meme coin project is achieving results beyond expectations. Despite its humorous name, the token has already raised over $6 million during its limited-time token pre-sale phase.
More Wieners every day – the WienerAI family is growing fast! 🐾
More holders = more anticipation for launch!
Ready to join the pack? 🌭🚀 pic.twitter.com/TPFpsjLGFX
— WienerAI (@WienerDogAI) June 13, 2024
One reason for its success is its plan to introduce an innovative trading bot that uses predictive technology and a user-friendly interface to provide token holders with advice on when to buy and sell cryptocurrencies.
More than just a bot – WienerAI is your best cryptocurrency trading companion.
We’re excited to share the preview with our amazing and supportive community. (1/4) pic.twitter.com/kR8ypeJycj
— WienerAI (@WienerDogAI) June 11, 2024
WienerAi is following in the footsteps of another recent token launch by the name of Scotty the AI (SCOTTY), which generated over $10 million in pre-sale.
The WAI Project also allows holders to passively earn profits through the WAI Project. Staking FeaturesThis provides an Annual Percentage Yield (APY) of 205%.
You can participate in the pre-sale by purchasing WAI tokens for $0.00072 each. But hurry because the price will go up in a little over two days.
Buy WAI tokens on the official website here Use ETH, BNB, USDT or your bank card.
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