A big event is about to happen with $ENS !
The core driving force behind this wave of ENS price increase is the continuous inflow of on-chain funds and the high resonance in the social dimension. The rise in market capitalization, trading volume, and open interest indicates that bulls are actively entering the market, and the market sentiment shows clear signs of FOMO. High-priced domain transactions and the ongoing narrative around Web3 identity continue to ferment, with community sentiment leaning bullish, and KOLs and AI signals further amplifying this trend.
However, the short-term technical indicator MACD shows signs of a death cross, and CRSI is approaching the oversold zone, so we should be wary of potential profit-taking or consolidation at high levels. In the short term, attention should be paid to the movement of funds and changes in trading volume.
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