NFT space regains the bullish momentum with the top tokens surge magnificently
Theta Price and Enjin Coin price jump with a huge margin where-as MANA price and CHZ price initiates a bull run
Enjin Coin(ENJ) Coin Surges More Than 16%
The most popular NFT Enjin Coin price broke out the falling wedge to rally high regaining the bullish momentum. Surging with the same pace, the price may also hit levels above $3 in the coming days.
Moreover, according to an analyst, Simon Hayes, predicted that the ENJ price rally would smash the initial target of around $3.1. Once the price rallies above $3, it would strongly head towards $4.
The token has received immense buying pressure in the past couple of hours, due to which the RSI indicators also forecast a bullish trend. The MACD indicator is also diverted apart from each other showcasing no signs of a sell signal.
However, currently, the Enjin Coin team appears to have not introduced staking. If in case the NFT will be made available for staking then the price may go as high as $10 or even more. As more the people stake the token, the less would be circulating in the exchanges and hence a strong uptrend may be expected.
Theta Price Surges for the Consecutive Third Day!
The Theta price remains in the prime focus of the NFT space as the bullish trend of the tokens appears unstoppable. The fresh 30% surge led the token to secure its place in the top 10 cryptocurrency ranking list at 9th position dragging Litecoin behind.
The 164% spike in the trading volume that spiked from more than $1 billion to $2,980,302,397 in just 24 hours indicates the strong market sentiments for the token. With the current pace, the price may attain levels above $20 with minimum efforts, however, an accelerated pace may also result in much higher levels.
The RSI indicator is also trending at the upper levels and the MACD also indicates the huge buying happening on the platform. At the time of writing, the Theta price is $14.72 with a price jump of 26.75% and a market capitalization of $14,723,943,314.