Enjin Price Prediction: A Bullish Trend Ahead
Enjin Prediction Statistics Data:
The current Enjin price is $0.38 with a market cap of $384.9 million. The circulating and total supplies are both 1 billion, and it ranks #136 on Coinmarketcap.
ENJ/USD Market
Resistance levels for ENJ/USD are at $0.45, $0.47, and $0.49, while support levels are at $0.32, $0.30, and $0.28.
According to the daily chart, Enjin is expected to remain above the 9-day moving average and faces resistance at $0.40. It is currently recovering above $0.37, but it needs to surpass and stay above $0.40 for the bullish trend to continue.
Enjin Price Prediction: Would Enjin Hold Above $0.38?
The Enjin price hovers around $0.38 and could create support below $0.36 or drop to $0.34 and lower. Bulls must cross above the upper channel to move towards potential resistance levels at $0.45, $0.47, and $0.49.
ENJ/BTC Could Face the North
Buyers are trying to re-enter the market, and if the price crosses above the upper boundary of the channel, the nearest resistance level could be at 1050 SAT and above.
However, if the price drops further, the nearest support level is at 850 SAT and below, with the 9-day moving average indicating a bullish movement.
Enjin Alternatives
Enjin could see upward momentum if it surpasses the channel, and Bitcoin Minetrix (BTCMTX) offers a unique approach to mining Bitcoin within the Ethereum ecosystem.
Hot Take: Enjin’s Promising Future
It’s a crucial time for Enjin as it faces key resistance levels. Bitcoin Minetrix also presents an interesting alternative in the crypto market.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.