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Price Analysis

Price Analysis: ENJ, VET, HBAR, BNT Surge With Massive Gains

Even though market leaders Bitcoin and Ethereum were still limited at the time of going to press, some altcoins found their way into a largely calm market and saw gains on their respective charts.

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Many altcoins gained over 10%, including ENJ, EWT, XEM, OCEAN, BAT, CRV, MANA, THETA, STX, LTC, XTZ, KSM, and RSR. Among these, ENJ rallied above the USD 0.850 and USD 0.900 levels.

ENJ Price Analysis

The gaming currency Enjin Coin is currently in a bull run which is significantly escalating for the past few days. The currency dramatically soared by over 30% in the last 24 hours. Effectively, it has achieved more than 115% over the past week.

One of the reasons that fueled the surge might be the announcement made by the platform that it will be releasing new offerings to tackle the issues of scaling and gas fees.

ENJ price

If the token continues the bullish run, it might jump to $1.45 by successfully resisting at $1.34. The support levels are to be expected at $0.77 and $0.90 if it fails to perform well. The relative strength index stands at 85.99 which strongly indicates the bullish divergence.

At a press time, ENJ price is $1.25 with a 24 hours trading volume of $2,049,837,734. It is up 36.86% in the last 24 hours with a market capitalization of $953,944,556 and the current coinmarketcap rank is #72

VET Price Analysis

VET observed significant rise over the several weeks. The currency is currently painting a green line after a massive price fall. VeChain hovered between $0.04 and $0.05 over the past days. The token effectively surged to more than 15% in the last 24 hours.

VET Pricec

The next high is to be established at $0.065 if it surpasses a resistance level at $0.060. If the bears drag the prices down, the token is expected to fall at the support levels $0.043 and $0.049. The relative strength index is standing at 60.03 indicating the bull run.

At a press time, VET is trading at $0.05. It is up 16.03% with a 24 hours volume of $821,639,690. The current coinmarketcap rank is #26 with a market capitalization of $3,360,548,529.

HBAR Price Analysis

The Hedera Hashgraph attained the minds of investors by boosting to more than 15% over the last 24 hours. It is currently in a bull run, after consolidating from $0.12 and $0.13. The main reasons for surge might be the successful launch and utilization of Hedera Token Service.

Hbar price

The HBAR could form a new high at $0.25 if consistently continue to rise and retest at $0.18. The major support levels are to be formed at $0.11 and $0.13. The relative strength index is indicating a strong buy signal by reaching 64.74 points.

At the time of writing, HBAR  is trading at $0.15 with a 24 hours trading volume of $210,944,238. It has gained 22.18% momentum in the past 24 hours with a market capitalization of $1,129,483,898 and currently ranked at #66 according to coinmarketcap.

BNT Price Analysis

The Bancor’s price effectively started to intensify after the NYC court dismissed the lawsuit against BNT amid securities law violations that have been raging since April 2020. In the last 24 hours it has efficiently achieved more than 10%  momentum and varied between $3 and $5 for a few days. 

BNT price

The next high is to be formed at $7.35 if the sellers fail to establish a control over the buyers. The next resistance level is to be expected at $7.10. The major support levels are $5.42 and $6.38. The relative strength index is at 70.96 strongly indicating the bullish cycle.

At a press time, BNT is exchanging at $6.72 with a 24-hour trading volume of $282,134,545.It is up 16.67% in the last 24 hours with a market capitalization of $989,105,991 and the current coinmarketcap rank is #73.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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