CandleFocus Ethereum Name Service (ENS) Soars to New Yearly High of $37.29, Leads Top 100 Gainers
2024-11-28
Author: Content Editor
The native token of Ethereum Name Service (ENS), ENS, has experienced a significant price increase of 37% in the past 24 hours, making it the top gainer among the top 100 cryptocurrencies. The surge in price has been accompanied by a notable increase in trading volume, which has reached an all-time high of $2.35 billion, indicating strong investor interest and suggesting that the rally is driven by actual demand for the token. Additionally, the open interest for ENS has surged to a multi-month high of $132 million, indicating growing confidence in the price movement. However, the Relative Strength Index (RSI) suggests that the market is overheated and buyers may soon become exhausted, potentially leading to a correction in price.
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