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Cryptocurrency News Articles
ENSUSD (ENS) Price Prediction: Will the Rally Continue?
Jul 10, 2024 at 10:03 am
The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain.
ENSUSD technical analysis suggests a bullish trend with potential for further gains.
The pair has shown a significant increase of over 50% in the past three days. It began the week at around $17.7 and reached a high of $31.17 on Thursday. However, the pair faced some resistance at this level and pulled back slightly. It is currently trading at around $27.73.
On the upside, any daily close above $35 will confirm further bullishness. This could lead to a move towards $40. Resistance is seen at $35, $40, $46.55, and $50. A surge past $50 will take it to $60.
On the downside, the immediate support is seen at around $25. Any break below this level will target $20, followed by $15. A bullish invalidation will occur if the pair closes below $15.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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