📈 Analysis and forecast for $ENS : further prospects 🚀
As of May 29, 2025, 11:31 EEST, the rate $ENS on Binance is $24.63, with a 7% increase in the last 24 hours. The trading volume for the day is about $112M (based on market activity), and the market capitalization is $865M (with a circulating supply of 35.15M ENS). The growth is associated with increased interest in the Ethereum Name Service due to rising activity in the Ethereum ecosystem.
Technically, $ENS shows a bullish trend. On the 4-hour chart, the price broke resistance at $23, while support is located at $22. RSI (14) around 65 (based on current data) indicates moderate momentum, close to the overbought zone. A breakout at $25 could push the price to $28–$30, as some observations note, while a drop below $22 would increase pressure.
Forecast: by the end of May, ENS could reach $25–$28 if volume is maintained. By July 2025, a correction to $20 is possible, but with positive news (e.g., about new integrations), growth to $35–$40 is realistic by the end of the year. The long-term target for 2026 is $50+, if the project continues to expand the utility of domain names. Fundamentally, the growth in the use of ENS to simplify interaction with Web3 and support for Ethereum strengthen positions, but volatility and competition remain risks.
Further prospects? The current price of $24.63 after a 7% rise looks like an accumulation zone. To lock in profits, wait for $25–$28. Set a stop-loss at $22. For holders, this is a high-potential asset – keep an eye on volumes and news. The market is volatile, be cautious! #ENS #Binance #CryptoAnalysis
