- Enjin Coin surges from $2.30 to $2.72 on Monday’s trading session
- The 24-hour volume in ENJ is at $2,099,374,845 with a 185.42% increase
- The ENJ/BTC pair was trading at 0.00004615 BTC with a gain of 25.55%
The 4-hour technical chart of Enjin coin projects an uptrend. According to pivot points, ENJ’s critical support level is placed at $1.92. Whereas if it moves up, the key resistance level to watch is $3.12. While diving into the weekly chart of a 4-hour time-frame, it completes a spinning top candlestick pattern. It means that neither buyers nor sellers could gain the upper hand.
SMA-20, 50 & 100 acts as another strong support in the coin. SMA-20 (purple) is above the SMA-50 (white), which projects a bullish trend. The price is also way above SMA-100 (red). Investors may perceive a positive crossover in the chart, the price will also follow the positive trend.
RSI indicator (OVERBOUGHT), with a value of 72.50, indicates an overbought situation in the coin. Moreover, Investors can see a small upward slope from 72 to 72.50 in the index, it may surge more in future trading sessions.
Huobi Global Exchange Launches Enjin Coin
To Celebrate, Huobi is giving away 43,000 ENJ in rewards, among the investors who deposit during the listing campaign
Enjin Coin Framing New Highs
Enjin coin price traded at $2.72 with a gain of 19.84% in the last 24-hour and 68% up in the weekly time-frame. In contrast, the market capitalization stands at $2.253 billion. Technically, investors can perceive a positive crossover in SMA. Moreover, the movement of price can be towards the next resistance of $3.12.
Resistance: $3.12
Support: $1.92