ENS Technical Analysis in Daily Timeframe

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Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

ENS is getting rejected from the resistance trendline. The price is currently at $24.30, where we have the 100 EMA as support. If ENS fails to hold the current support, it is likely to drop by a further 20% to 30% in the coming days.

The lower support at $16.60 holds strong and must hold if we see a dip.

Key Observations:

- Primary Support: $23.7
- Lower Support/Entry: $16.6
- Resistance: Around $34

DYOR, NFA

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Ghi chú

ENS Update:

ENS got rejected as expected. The price went down to $14.18 but managed to make a daily close exactly at the support level.

With the price showing a rebound and the RSI in the oversold range, it is likely that ENS will see a good rally soon.

DYOR, NFA.