The Enjin Price Prediction
The Enjin price prediction suggests that ENJ may continue its bullish movement as the coin aims to break above the channel. Here are the key points:
- Enjin’s current price is $0.31 with a market cap of $319 million.
- The circulating supply and total supply of ENJ are both 1 billion.
- Enjin is ranked #100 on Coinmarketcap.
- Resistance levels for ENJ/USD are $0.40, $0.42, and $0.44.
- Support levels for ENJ/USD are $0.23, $0.21, and $0.19.
ENJ/USD Market Analysis
The daily chart shows that ENJ/USD is likely to maintain gains above the support level of $0.30, facing resistance at $0.35. Here are the details:
- The Enjin price is recovering above $0.30, with the 9-day moving average above the 21-day moving average.
- However, the price might decline unless it surpasses and stays above the main resistance zone of $0.35.
Enjin Price Prediction: Holding Above $0.32
According to the daily chart, Enjin’s price is currently at the resistance level of $0.31. If it drops below the support level of $0.30, a sell-off may commence, with potential supports at $0.23, $0.21, and $0.19. However, if Enjin breaks above the upper boundary of the channel, it could reach resistance levels of $0.40, $0.42, and $0.44. The Relative Strength Index (14) faces the 60-level, indicating possible bullish signals.
ENJBTC Market Analysis
Against BTC, buyers are trying to re-enter the market, with the price showing promising signs. Here’s what to consider:
- If the price crosses above the upper boundary of the channel, the nearest resistance level is at 1200 SAT.
- If the price drops further, the nearest support level is below the moving averages at 850 SAT, with lower support at 800 SAT and below.
- The Relative Strength Index (14) could cross above the 60-level, indicating a potential bullish movement.
Enjin Alternatives
Looking at the daily chart, Enjin’s price is expected to trend upwards. However, Orchid must keep the price above the moving averages to counter downward pressure. It’s worth noting that the Enjin community has attracted attention from influential figures, with close to $17 million raised during the presale.
Hot Take
Enjin’s price prediction suggests bullish movement, with potential resistance levels at $0.40, $0.42, and $0.44. However, support levels at $0.23, $0.21, and $0.19 should be monitored. Buyers are also showing interest in the ENJBTC market, with promising signs and potential resistance at 1200 SAT. Overall, Enjin’s community and presale success indicate strong potential for future growth.
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