- Enjin coin is in a downtrend at 9.1% during the intraday trading session.
- The 24-hour trading volume is at $604 million.
- ENJ/BTC pair is trading positive by 10.3% at 0.00004182 BTC.
The daily technical chart of ENJ coin displays an uptrend. According to the pivot levels, the primary support level is $1.90. On the other side, if it rushes up, the resistance level to follow is $2.30. Although the chart forms a bullish engulfing candlestick pattern within the day, it is predicted that the price may remain upwards with high reliability.
The Zig-Zag framed a top of $4.0 on Apr 09. After that, investors can notice a massive correction of 82%, all the way low to $0.73. Now price levels are back around the range of $2.0 this week.
The volume of (57.129M) is above the MA of 20-days (24.531M). As a result, the volume is high, causing its price to break above the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The CCI indicator gave an (overbought) signal with 230, projecting a buy signal in the coin. Investors may observe an inclining slope from 2 to 230. It may surge in future trading sessions.
Enjin Coin Will be in a Correction Phase For Short Term
Today’s price of Enjin Coin is US$2.08, and the 24-hour trading volume is US$604,267,467. The price of ENJ has increased by 9.1% in the past 24 hours. The circulation of ENJ coins is 930 million, with a total of 1 billion. CCI indicator shows a buy signal, and the traders have guided high volume. Technically, the price breaks out the resistance and remains in an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $2.30
Support Level: $1.90