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After 12 long weeks of decline, Ethereum Name Service (ENS) is finally showing signs of life, bouncing back above $15. But not everything is looking bullish—some signs still point to caution for investors.
🔵ENS has bounced back after falling from $35 to $12 in just three months.
🔵Over the weekend, heavy buying pushed the token out of its downward trend.
🔵Some signs now suggest a positive trend, but it’s still too early to celebrate.
🔵Many ENS holders bought at higher prices, so they may sell once they break even.
🔵This creates a barrier around $17, making it hard for ENS to rise quickly.
🔵Selling pressure is still stronger than buying, hinting that the rally might slow down.
🔵If things don’t improve, the price might even dip back toward $12 or lower.
ENS is trying hard to turn things around—but the path forward isn’t clear. Until more signs turn positive, this rebound could fade fast. Will it soar or stumble? Only time will tell.
https://coinpedia.org/price-prediction/ethereum-name-service-ens-price-prediction/