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Ethereum Name Service Price Prediction: ENS Trends Through Barriers

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Azeez Mustapha

Ethereum Name Service (ENS) Price Prediction – August 5
The ENS market trends through barriers, pairing with the valuation of the US fiat currency a couple of times. Just the last nine months ago, the crypto’s all-time high reached $85.69, and its all-time low value in the two months stands at $7.40. Currently, the price is trading around $16.86 at an average percentage of 6.08 positives.

Ethereum Name Service (ENS) Price Statistics:
ENS price now – $16.86
ENS market cap -$341.4 million
ENS circulating supply – 20.2 million
ENS total supply – 100 million
Coinmarketcap ranking – #107

ENS/USD Market
Key Levels:
Resistance levels: $18, $22, $26
Support levels: $14, $12, $10
ENS/USD – Daily Chart
The daily chart reveals the Ethereum Name Service market operation trends through some barriers over the trend buying signal sides of the SMAs. The 14-day SMA indicator is at $13.21, having been able to have briefly intercepted the 50-day SMA indicator to the upside, leaving the bigger SMA tool placed at around $12.81. The bullish trend line drew to mark the path to the mooning direction. The Stochastic Oscillators initially moved southbound to the range of 40. But, they have crossed northbound from the range spot to indicate the base crypto is still in control of moves against its counter-trading crypto.

Will the ENS/USD market trend higher through overhead resistances?

As it established that the ENS/USD market trends through barriers, the crypto economy may still enjoy some advantages more, pushing through overhead resistances in the subsequent sessions. That said, at this point, it would require a long position that takes a lot of effort to observe decent entry to avoid late execution of an order if there’ll still be further smooth runs to the upside. It is dicey at the moment to see that assumption playing out without hiccups at the current trading capacity.

On the downside of the technical, the ENS/USD market bears needed to stay alert, looking out for a firm rejection of price action around the $18 resistance level before considering a selling order guided by a high degree of the principle of conservative. A convergence of price motions around the resistance value line will portend a stronger intent of getting a safer resumption of a downward-trending movement afterward.

ENS/BTC Price Analysis

Ethereum Name Service is pushing stronger against the trending catalyst of Bitcoin. In other words, the cryptocurrency pair price trends through barriers over the trend lines of the SMAs. The 14-day SMA indicator is over the 50-day SMA indicator. And they are pointing toward the north side. The Stochastic Oscillators have crossed northbound from around the range of 40. At this moment, the base crypto appears, struggling to hold its position firmly against the counter crypto. If today’s trading candlestick finishes as a bearish type, ENS may run into corrections in the subsequent sessions, pairing with BTC.

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