Ethereum Name Service (ENS) has broken above a key resistance trendline dating back to 2022, triggering a confirmed bullish breakout.
A 198% spike in trading volume and an 18.61% rise in market cap support growing investor interest and add credibility to the rally.
Technical projections suggest potential upside toward $48.85 to $52.77, signaling a possible 110% move from the breakout level.
Ethereum Name Service (ENS) has broken above a key long-term descending trendline on the daily chart, a level that had held as resistance since late 2022. This breakout has resulted in a 14% price gain and appears to confirm bullish momentum in the market. Technical indicators now point toward higher price levels, with projections suggesting a possible move to $48.85 or even $52.77, depending on continuation strength.
$Ens #Ens 14% Profit Since Breakout, We Are Sharing Clean Setups Here https://t.co/5yZ3rE3mq5 pic.twitter.com/tuE0wr9hQf
— World Of Charts (@WorldOfCharts1) July 16, 2025
The recent breakout aligns with growing interest in ENS, which has shown a clear pattern of rising volume and strong daily candles. These technical developments suggest that the breakout is supported by active market demand rather than low-volume price action.
ENS Breakout Aligns With Rising Momentum and Market Strength
ENS tested the descending trendline near $23.16 on July 14, 2025. Buyers stepped in, and the token quickly climbed by over 5% that day. As momentum picked up, price moved firmly above the resistance line, confirming a breakout on the daily timeframe.
The technical setup follows a common breakout pattern in cryptocurrency markets. Price consolidation under resistance, followed by a strong move higher on rising volume, typically signals a bullish reversal. Analysts have outlined potential targets of 110.25% from the breakout point, placing ENS in a possible range of $48.85 or higher.
On-Chain Metrics and Volume Support Breakout Outlook
The ENS price has gone up to 26.25, recording a 37.57 percent improvement in the past 7 days. Meanwhile, the volume in 24-hour trading has soared up to almost 198 percent to touch on $369 million. Such increased trading volumes depict increased interest by traders and investors as the token picks up.
There is also a rise in the market capitalization, which is at 18.61 percent, or an amount of $959.55 million. Its circulating supply is at 36.54 million tokens. Such a relatively low supply in comparison with the given 100 million is in favor of price stability in rallies. The rise has been in tandem with positive market information, a fact that augments the technical setup that is presently found.
<p>The post Massive Upside Ahead? ENS Clears Long-Term Trendline With 110% Target in Sight first appeared on Coin Crypto Newz.</p>
