September 7 ENJ Technical Analysis and Todays Enjin Coin Price Forecast

September 7 ENJ Technical Analysis and Todays Enjin Coin Price Forecast

Enjin Coin Price Prediction: Restarting the Uptrend

The Enjin Coin price is showing indications of restarting its uptrend as it reaches a daily high of $0.27. As of now, the price stands at $0.26 with a market cap of $262.4 Million. The circulating supply and total supply of Enjin Coin are both 1 billion. The coin is ranked #103 on Coinmarketcap.

ENJ/USD Market

The resistance levels for ENJ/USD are $0.32, $0.34, and $0.36, while the support levels are $0.19, $0.17, and $0.15. The price is as of now over the resistance level of $0.25, and further positive trend movement might propel it to the $0.30 resistance. If the bulls continue to increase their positions, more buyers may enter the market.

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Enjin Coin Price Prediction: Probable for Bullish Movement

The Enjin Coin price has recently been moving sideways, but the bulls have regained control and started pushing the price upwards. A positive trend crossover between the 9-day and 21-day moving averages could further increase the positive trend movement. The Relative Strength Index (RSI) is likewise showing probable for a positive trend signal. If the price stays over the moving averages, it could  accomplish the resistance levels of $0.32, $0.34, and $0.36. Nonetheless, a bearish movement could bring the price down to the support levels at $0.19, $0.17, and $0.15.

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ENJ/BTC: Increasing Bullish Movement

Against Bitcoin, the Enjin Coin price is as of now over the 9-day and 21-day moving averages. Intraday trading is positive trend, and the coin may cross over the upper boundary of the channel to reach the resistance level at 1080 SAT and beyond. A bearish movement below the moving averages could cause the price to hit the support at 800 SAT and lower. The RSI is indicating probable for more positive trend signals in the market.

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Hot Take: Enjin Coin’s Unique Mission

Enjin Coin sets itself apart from other Meme Coin coins with its mission to disrupt the traditional financial landscape and empower everyday investors. The token has already raised over $25 Million during its presale phase and is getting ready for its official launch. Now is an opportune moment for probable investors to engage in this promising project.

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Author – Contributor at | Website

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.

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