#ens终于启动了
ENS has finally risen!
What's next?
As the market dominance continues to wane, attention has shifted to altcoins, especially in the decentralized identity (DID) sector. As of today, Bitcoin's dominance has dropped from 61.28% on November 21 to 58.21%, making DID tokens like Ethereum Name Service (ENS) and Space ID (ID) the focus.
ENS surged 44% in the past 24 hours, an astonishing increase, breaking through key resistance levels.
ENS is a decentralized domain name service that skyrocketed after breaking $27.23, with the token price reaching a daily high of $35.17, later stabilizing around $35, slightly below the key resistance level of $38.10.
The current resistance level of $38.10 remains crucial. If ENS successfully breaks and consolidates above this level, it may target the next major upward goal of $50.14, indicating a potential increase of 42% from the current price. However, given the significant rise, a brief consolidation near the resistance level may occur before further increases.
The Relative Strength Index (RSI) is currently in the overbought zone at 87.93, indicating strong bullish momentum, but caution is also advised. If the momentum continues, ENS could become one of the best-performing DID tokens in the short term.
If anyone feels confused due to market fluctuations, unsure of how to deal with being trapped, or feels misled during the trading process, feel free to reach out!
I am Old Li.
