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Ethereum Name Service Price Prediction for Today, April 16: ENS/USD Settles Above $15.0

April 16, 2023
in Bitcoin
Reading Time: 4 mins read
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The Ethereum Identify Service worth prediction is at present pushing the coin above the $15.0 resistance however nonetheless falls on the $15.40 stage.

Ethereum Identify Service (ENS) Value Statistics:

ENS worth now – $14.75
ENS market cap -$298.2 million
ENS circulating provide – 20.2 million
ENS complete provide – 100 million
Coinmarketcap rating – #134

ENS/USD Market

Key Ranges:

Resistance ranges: $17.5, $18.0, $18.5

Help ranges: $11.5, $11.0, $10.5

Ethereum Name Service Price Prediction for Today, April 16: ENS/USD Settles Above $15.0
ENSUSD – Each day Chart

ENS/USD begins one other enhance immediately as the worth rises above the 9-day and 21-day transferring averages. Nonetheless, it’s probably for the crypto to speed up greater if it breaks the $16.0 resistance stage. For the previous few days, Ethereum Identify Service has been hovering above the transferring averages and any bullish cross above the higher boundary of the channel may place the ENS worth on a restoration trajectory.

Ethereum Identify Service Value Prediction: How Far Can ENS/USD Go?

On the time of writing, the Ethereum Identify Service worth is buying and selling at $14.75 after including 5.56% to its worth. The energy of the coin could open the door for a large restoration above the higher boundary of the channel. Nonetheless, the potential resistance at $16.0 have to be reached to pave the way in which for the upcoming motion.

From a technical perspective, ENS/USD is able to tackling the hurdles above the 9-day and 21-day transferring averages because the Relative Power Index (14) prepares for the upside. It appears as if the bulls could goal for a transparent break to the upside, and the coin may hit the resistance ranges of $17.5, $18.0, and $18.5. If the market worth droop to the draw back, merchants could find the help ranges at $11.5, $11.0, and $10.5 respectively.

In opposition to Bitcoin, the ENS worth is hovering above the 9-day and 21-day transferring averages, at present buying and selling at 4833 SAT and anticipating a break towards the higher boundary of the channel. Trying on the each day chart, merchants can see that the bulls are prone to push the market upward, and the subsequent key resistance stage could probably come at 6000 SAT and above.

ENSBTC – Each day Chart

In the meantime, on the draw back, a doable drop under the decrease boundary of the channel may carry the market to hit the help stage at 3700 SAT and under. The technical indicator Relative Power Index (14) is prone to cross above the 50-level to set off extra bullish alerts into the market.

Options to Ethereum Identify Service

The Ethereum Identify Service bulls are coming into the market and a push from the present market worth may ship the worth straight to the resistance stage of $17, but when the present stage fails to carry sturdy, the Ethereum Identify Service (ENS) may slip under the help stage of $13. In the meantime, the LHINU token powers the entire Love Hate Inu ecosystem. It’s an ERC 20 token that may be staked for rewards while you vote on polls powered by Love Hate Inu. On the time of writing, LHINU tokens are in presale, and virtually $4.5 million has been raised up to now, which is actually astounding.

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