Price Analysis

Enjin Coin Manifests Bullish Momentum, Will ENJ Price Hit $3?

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Highlights

    ENJ price all set to have another leg pulled out by breaking the upper resistance.

    The price may smash the current ATH any time from now and form new ones above certain levels

Enjin Coin Price Rallying High

Amid the major crypto assets experiencing a correction, Enjin coin appears to have reminded unaffected. The ENJ price chart is accumulating green candles without allowing the selling pressure to get mounted up. The price, however, successfully smashed the barriers close to $3 and very soon it may sustain above the levels.

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The Enjin Coin price rallies high with any announcements and hence the price surged more than 33% since the early trading hours, As Coinpedia kept reporting about the listing, the ENJ price scales high with yet another listing on popular exchange Huobi. 

The price experienced a HTF breakout, followed by a retest. And hence followed by a bounce off support to levels above $3 according to analysts, KALEO. The volume influx into the platform was enormous about more than $2 billion, a nearly 220% jump.

ENJ Price Analysis

The Enjin Coin price initiated with a healthy rally since the beginning of this month. The price surged from around $0.5 to close to $3 at the press time. The price broke the upper resistance of the channel, in which it was consolidating before another leg-pull. 

enj price chart (1)

At the time of writing, the ENJ price attempt hard to smash the upper resistance levels at $3, woefully gets an inch short to sustain. The price stands at $2.77 with a jump of 40.21% with an equal jump in the market capitalization too. 

Technical Specifications

  • The resistance level for Enjin coin price stands above the $3 levels
  • The support levels stand around $1.92
  • The indicators for ENJ price points out towards a ‘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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