Home  >  Article  >  ENSUSD (ENS) Price Analysis: Ready to Rally 35% If It Breaks Above This Crucial Level

ENSUSD (ENS) Price Analysis: Ready to Rally 35% If It Breaks Above This Crucial Level

WBOY
WBOYOriginal
2024-07-02 15:47:11654browse

ENSUSD (ENS) Price Analysis: Ready to Rally 35% If It Breaks Above This Crucial Level

The Ethereum Name Service (ENS) is a distributed, open, and extensible naming system based on the Ethereum blockchain

ENSUSD showed a massive jump in the past two weeks. It gained more than 35% in the past three days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $34.32 and is currently trading around $31.46.

The bullish invalidation can happen if the pair closes below $15. On the lower side, the near-term support is $28. Any break below the target is $24.70/$20/$15. Any violation below $15 targets $12.50/$10.

The immediate resistance stands at around $35. Any breach above confirms bullish continuation. A jump to $40/$46.55 is possible. A surge past $50 will take it to $60.

It is good to buy on dips around $28 with SL around $24 for a TP $35.

The above is the detailed content of ENSUSD (ENS) Price Analysis: Ready to Rally 35% If It Breaks Above This Crucial Level. For more information, please follow other related articles on the PHP Chinese website!

Statement:
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn