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Ethereum Name Service (ENS) Drops To $16 Support; Will Bears Come Out Top?

Ethereum Name Service (ENS) Drops To $16 Support; Will Bears Come Out Top?


NewsBTC
2022-10-25 15:41:34
Ethereum Name Service (ENS) Drops To $16 Support; Will Bears Come Out Top?

ENS’ price shows strength as price holds strong above the key support zone to avoid price retesting lower point on the daily chart. ENS rejected a trend higher above $20 as the price faced a sharp rejection to a region of key Support of $16.5. The price of ENS continues to hold strong above the 50 and 200 Exponential Moving Averages (EMA) as the price aims to rally toward $20. The price of Ethereum Name Service (ENS) has continued to hold strong as price trends toward the region of $20 have faced rejection earlier from that region. The crypto market has had little volatility compared to previous weeks, with many altcoins and major crypto players like Bitcoin (BTC) and Ethereum (ETH) continuing to move in a range with few exceptions. The likes of Ethereum Name Service (ENS) have had a great time rallying despite the uncertainty in the market, with many wondering if the $20 resistance would be broken for a higher high. (Data from Binance) Related Reading: Litecoin Registers Over $1 Million In Whale Transactions For 2022 – Good News For LTC? Ethereum Name Service (ENS) Price Analysis On The Weekly Chart. Despite many altcoins struggling to trend in a range market, the price of ENS has been a standout performer as price rallied and held strong at key support zones showing the strength of buyers not willing to let go of price to sellers. The price of ENS has had a bad time recently as the price declined from an all-time high ...

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