#TipsTradingFutures
ENS token in Future Price Prediction reaches US$40.00
A few weeks ago, the price of Ethereum Name Service (ENS) almost touched US$35.
Currently trading at US$28.38, on-chain analysis reveals that there is activity behind the scenes that could soon take ENS price to US$34.27
The rising value of this metric indicates intense buying activity from crypto whales. Meanwhile, a falling value means that there are greater outflows than inflows, and this can have a negative impact on prices. For ENS, Large Holders Netflow has climbed an incredible 882.87% in the last seven days.
This is proven by the fantastic buying action of 165,850 tokens on July 22. If continued, this could drive positive momentum for ENS price.
The ENS/USD daily chart shows the token has been consolidating in the US$24.87 – US$28.84 range for almost two weeks. Furthermore,
In the case of ENS itself, the CCI value is increasing, but it does not appear to be high enough to give rise to a massive increase. If this continues, ENS could continue trading at a swing high of US$33.35 and low of US$38.50.
However, if crypto whale accumulation continues in fantastic numbers, the token could successfully slip out of the consolidation phase and subsequently move towards US$40.00
