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Price Analysis

ENJ And DOGE Price Massive Rally! Flips to a Bullish Trend

The crypto market seemed to be unpredictable over the past weeks. Most of the currencies suffered massive price variations as part of Bitcoin’s liquidation by many exchanges over the few weeks.

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The top currency varied between $47,000 and $51,000 after hitting an all-time high above $58,000. Several altcoins gained over 10%, including ENJ, MANA, YFI, RSR, REN, ZEN, CHZ, UNI, and XTZ. Out of these, ENJ rallied by 45%, moving above the USD 1.70 level.

The Top trending cryptocurrencies ENJ is up 34.82% and DOGE attained 9.50% momentum the past 24 hours.

ENJ Price Analysis

ENJ Price underwent massive price correction over the past few days. Despite the price emendation, Enjin coin rallied hard to register an all-time high by hitting $1.80 on 8 March. The previous high was at $1.41. ENJ anticipated rallying above the $2 mark if the price consistently escalated and controlled.

ENJ Price

ENJ could surge to $1.95 if successfully contrives at the resistance level $1.82. The expected support levels are to be $1.10 and $1.35. The relative strength index is closer to 95 points which strongly indicates the bullish divergence and strong buy signal.

The MACD strongly indicates the bullish crossover as the histograms are moving above the stable line by painting green and the MACD line moving up by intersecting the signal line from below at 0.04 points with an indication of buy signal.

At a press time, ENJ price is $1.60 with a 24 hour trading volume of $1,623,426,905. It is up 32.675% in the last 24 hours. The current market capitalization is $1,346,482,811 and the coinmarketcap rank is #51.

DOGE Price Analysis

Dogecoin price is currently escalating after the massive price variations. The meme currency registered an all-time high on 8 February by hitting $0.88 and failed to be stable as the bears pulled the prices back. Dramatically, the coin soared above 5% in the past 24 hours.

DOGE Price

The next high is to be formed at $0.080 if it succeeds to retest at the resistance level $0.75. The major support levels are to be formed at $0.040 and $0.050. The relative strength index is lying at 55.39 which indicates the strong buy signal.

The MACD strongly symbolises the bearish crossover as the MACD line is constantly moving towards downside to 0.001 and the histograms are painted red with moving below the stable line.

At press time, DOGE Price is trading at $0.05 with a 24-hour trading volume of $2,292,378,250. It is up 8.85% in the last 24 hours with a market capitalization of $7,211,051,047. The current coinmarketcap rank is #14.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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