- Enjin coin price is seeing a strong upside momentum and can soon see a new high. It is trading with a loss of more than 1.55%
- Technical indicators of the ENJ coin might push it to a new high in the future. Meanwhile, ENJ/BTC pair is down by 7% in the intraday session.
ENJ crypto price is currently seeing a weak upside momentum but can soon see a new high in the future. Enjin coin price is down by more than 2% and is trading near the value of $1.7. Enjin coin has an ROI of more than 4500% which has profited retail and institutional investors. The coin price has to travel more than 70% of its current value to breach its all-time high support. One can position their funds in Enjin as per their needs and risk capacity. ENJ/BTC pair can also see a strong reversal in price in the future.
Enjin coin market dominance along with the market cap is seeing a strong recovery which can soon see a new high. The volume of the coin along with the market cap is also seeing strong momentum. The volume to market capitalization ratio for the ENJ hints towards a consolidation for the future
ENJ Crypto Price Bulls Are Ready To Push It For A New High
The weekly technical chart of ENJ coin price hints towards a consolidated momentum in price. On the daily chart, the asset price is looking to give a major breakout. ENJ token price in the hostile region while going upwards can be seen near $2. In contrast, the bounceback region in the coin price can be observed near $1. The price is currently trading in between 50 and 100 Daily Moving Average. The price of the coin may soon see a breakout above 50 MA in the future. The 50MA line is at $1.7 making it a temporary resistance of the price. One can forecast a huge growth in ENJ in the future.
Conclusion
ENJ coin price is currently seeing a strong recovery and can soon see a new high. ENJ/BTC pair might also observe a strong upside momentum in the future. An Investor can do their due diligence before investing.
Technical Levels
Major Support:$1
Major Resistance:$2