Ethereum Name Service Price Prediction for Today, February 6 – ENS Technical Analysis

adminFebruary 7, 2024

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According to the Ethereum Name Service price prediction, ENS is up nearly 10.80% and the next resistance level could be $23.0.

ENS token surges 25% after major partnership.

Today, Ethereum Name Service (ENS) is attracting market attention with a surprising rise thanks to its recent collaboration with GoDaddy. In an environment where many altcoins struggle for stability, ENS stands out for defying gravity with its massive price rise. As of writing, the token has experienced a massive 25% surge reaching $22.90 in just 24 hours.

Ethereum Name Service Prediction Statistics Data:

Current Ethereum Name Service Price – $22.35
Ethereum Name Service Market Cap – $688.9 million
Ethereum Name Service Circulation Volume – 30.7 million
Ethereum Name Service Total Supply – 100 million
Ethereum Name Service CoinMarketCap Ranking – 91st

ENS/USD market

Main level:

Resistance levels: $30, $32, $34

Support levels: $13, $11, $9

Ethereum Name Service Price Prediction for Today, February 6 – ENS Technical Analysis — ENSUSD – daily chart

ENS/USD appears to have surpassed the $22.00 resistance level at $20.14 in a matter of hours and reached an intraday high of $22.90. The cryptocurrency maintains bullish momentum as the coin strives to generate additional profits. Additionally, the Ethereum Name Service price is currently trading at $22.35 in a daily upward trend, which is most likely to form a long-term bull flag.

Ethereum Name Service Price Prediction: What’s Next?

Due to the coin’s strong rally, the Ethereum Name Service price is facing an upward trend as it prepares to trade above the $25 resistance level. However, today’s low of $19.76 could now act as strong support for the coin, so if the coin breaks, the selling could extend to $15.0. For now, the bulls plan to keep the Ethereum Name Service price above the 9-day and 21-day moving averages to sustain the market.

However, if the price falls below this barrier, it could reach support levels of $13, $11, and $9. As can be seen on the daily chart, the 9-day moving average may have a bullish crossover above the 21-day moving average, indicating that the bullish trend may continue. Moreover, if the bulls can put in more effort and push the Ethereum Name Service price higher, additional resistance levels could be found at $30, $32, and $34.

ENS/BTC heads north

Regarding Bitcoin, the Ethereum Name Service (ENS) is showing positive signs above its 9-day and 21-day moving averages. However, trends are short-term and range-bound and move within channels. It is currently changing hands as it could move very close to the upper boundary of the channel at 5173 SAT.

Nonetheless, if the coin crosses above the channel, potential resistance levels can be found above 7400 SAT, while if it slides below the lower boundary of the channel, the nearest support level can be found below 2700 SAT. Therefore, there is a high possibility that the 9-day moving average will exceed the 21-day moving average, indicating a more bullish signal.

@Crypt0_Savage on his However, if the price breaks through descending resistance, it could potentially rise to around $25.

$ENS/USDT
Current general market trends indicate potential for further growth. $ENS Declines to support area at $16.30🧐
If the price breaks descending resistance, it could rise to around $25📈#Cryptocurrency #ens #Ensusdt pic.twitter.com/17sR30uiVb
— Crypto Savage (@Crypt0_Savage) February 4, 2024

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