Enjin Coin Price Prediction: Restarting the Uptrend
The Enjin Coin price is showing signs of restarting its uptrend as it reaches a daily high of $0.27. Currently, 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.
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 currently above the resistance level of $0.25, and further bullish movement could push it to the $0.30 resistance. If the bulls continue to increase their positions, more buyers may enter the market.
Enjin Coin Price Prediction: Potential 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 bullish crossover between the 9-day and 21-day moving averages could further increase the bullish movement. The Relative Strength Index (RSI) is also showing potential for a bullish signal. If the price stays above the moving averages, it could reach the resistance levels of $0.32, $0.34, and $0.36. However, a bearish movement could bring the price down to the support levels at $0.19, $0.17, and $0.15.
ENJ/BTC: Increasing Bullish Movement
Against Bitcoin, the Enjin Coin price is currently above the 9-day and 21-day moving averages. Intraday trading is bullish, and the coin may cross above 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 potential for more bullish signals in the market.
Hot Take: Enjin Coin’s Unique Mission
Enjin Coin sets itself apart from other meme 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 potential investors to participate in this promising project.
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.