The Enjin Price Prediction: Bullish Movement Expected
The current Enjin price prediction suggests that ENJ may continue to follow a bullish movement as the coin aims to surpass the channel’s upper boundary. At present, the Enjin price stands at $0.26, with a market cap of $257.6 million and a circulating supply of 1 billion coins. The total supply of Enjin is also 1 billion coins, and it holds the #111 ranking on Coinmarketcap.
ENJ/USD Market Analysis
Resistance levels: $0.30, $0.32, $0.34
Support levels: $0.22, $0.20, $0.18
In the ENJ/USD market, the price is expected to hold above the support level of $0.25 while facing resistance at $0.28. Currently, the Enjin price is recovering above the 9-day and 21-day moving averages. However, for sustained growth, it must surpass and stay above the main resistance zone of $0.35.
Enjin Price Prediction: Breaking Above $0.28?
Based on the daily chart, the Enjin price is currently hovering around the resistance level of $0.26, with potential support forming below the previous low at $0.24. If this support level is breached, a sell-off may occur with a focus on the next support levels at $0.23, $0.22, $0.20, and $0.18.
To achieve further upward momentum, bulls need to break and maintain a price above the upper boundary of the channel. Only then can traders consider an extended recovery towards resistance levels of $0.30, $0.32, and $0.34.
ENJ/BTC Analysis
Against BTC, buyers are attempting to reenter the market as the Enjin price remains above the 9-day and 21-day moving averages. If the price approaches the upper boundary of the channel, the nearest resistance level is expected at 900 SAT and beyond. On the downside, support lies below the moving averages at 700 SAT, with lower support levels at 650 SAT and below.
Enjin Alternatives
The Enjin price is currently experiencing an upward trend, remaining above the 9-day and 21-day moving averages. As the coin touches a daily high of $0.28, it seeks to increase further. Additionally, the crypto market as a whole is trading bullishly, indicating potential growth in the near future.
Furthermore, due to its significant impact, Enjin has attracted attention from influential figures who recognize the power of meme-driven movements. The presale has already raised close to $2.4 million.
Hot Take: Enjin’s Bullish Momentum Holds Promise for Future Growth
The Enjin price prediction suggests that ENJ may continue on a bullish trajectory as it aims to break above key resistance levels. With support from influential figures and a presale that has already raised substantial funds, Enjin shows promise for future growth. As long as bulls can sustain a move above the upper boundary of the channel and overcome resistance zones, a sustained recovery towards higher price levels is possible.
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