NFT Tokens ( Non-Fungible-Tokens)

Enjin Coin(ENJ) Price Coils Up to Smash ATH, Is $5 Target on the Cards?

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Highlights

    Enjin Coin Price continued its bullish trend for the consecutive second day to form new all-time high in past couple of hours

    The surge is expected to continue for some more time to record new highs in coming days

One of the most popular exchanges, Coinbase announced the listing of four new assets including 1INCH and ENJ. The Enjin coin price initiated an accelerated bull run with the rounds of listing. The bull run continues to move towards north with lightning speed intending to hit new highs very soon.

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Since the price entered the price discovery phase after smashing new highs, it managed to maintain within the similar levels without trembling down. Moreover, price movement is accelerating at the press time and intending to form new highs in the coming time.

Enjin Coin (ENJ) Price Analysis

As Coinpedia reported earlier that the ENJ price is on the verge to surpass $3 levels earlier, it appears that $4 is inevitable. The Coinbase announcement led the price to swing high to unearth the real potential of the asset.

The asset rallied more than 40% in the previous trading day and has added up another 32% growth  and counting, in the consecutive second day.The rally assisted the price to coil up above $3.79 to form new ATH.

enj price chart

Considering the indicators, the RSI indicators manifest a pretty bullish momentum by spiking high and trending above 60. The MACD points out towards a buy signal as the MACD line has just crossed the SIGNAL line. 

enj indicator

At the time of writing, the Enjin Coin price is $3.76 with a gigantic rally of 31.41%, currently trending around the ATH. The price discovery phase is expected to continue further to attain more higher levels, and hence $4 is on the cards. However, $5 per Enjin Coin also seems to be inevitable.

Technical Specifications

  • The resistance level of Enjin coin cannot be determined as the price is trading around the ATH
  • The support level is at $3.14
  • The indicators for ENJ Price points out towards a strong buy signal.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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