ENS Price Prediction: ENS Gearing Up for Major Bull Run

07-02-2024 By: Lokesh Gupta
ENS Price Prediction: ENS Gearing Up for Major Bull Run

ENS Price Prediction 2030 will be approx $50.00

  • The bulls have made an attempt to break through the resistance level, but the outcome remains uncertain.

  • ENS Price has surged by 10.50% today following a recent partnership announcement with GoDaddy, the domain registrar.

  • A healthy retracement has occurred, finding support at the 50% Fibonacci level and pushing the price back up to $25.00.

  • With the positive price reaction, there's a likelihood of another 28% surge in the ENS token's value to challenge the previous swing high of $27.5.

  • A cup and handle pattern observed on the weekly chart suggests the potential for a bull run in the ENS price.

  • Under the influence of this pattern, ENS price may surpass the $27.5 barrier.

  • As per Coingabbar analysis, If these levels are breached, the ENS price rally could aim for a potential target of $48

KEY LEVELS :

RESISTANCE LEVEL : $27.00-$38.00

SUPPORT LEVEL : $16.00-$10.00

Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.

WHAT'S YOUR OPINION?
Related News
Related Blogs