Enjin Price Prediction for Today, March 7: ENJ/USD May Push the Price to $0.50 Resistance

The Enjin price prediction may lack short-term and medium-term support but if the price rises even further, the coin is likely to face up.

Enjin Prediction Statistics Data:

• Enjin price now – $0.43
• Enjin market cap – $428 million
• Enjin circulating supply – 1 billion
• Enjin total supply – 1 billion
• Enjin Coinmarketcap ranking – #86

ENJ/USD Market

Key Levels:

Resistance levels: $0.55, $0.60, $0.65

Support levels: $0.30, $0.25, $0.20

ENJ/USD is trading around the $0.43 resistance level but the coin remains below the 9-day and 21-day moving averages. However, if the bulls push the market price above the 9-day moving average, the nearest resistance may be located around $0.50. Moreover, if the market increases, additional resistance can be found above the 21-day moving average.

Enjin Price Prediction: Enjin (ENJ) May Break to the Upside

At the time of writing, traders could see that the Enjin price may likely create more bullish trends once the bearish movement is over and this is noticeable as the technical indicator Relative Strength Index (14) is moving above the 40-level.

Looking at the daily chart, the market decides to rebound from the low of $0.42 around the lower boundary of the channel but any bearish movement below this barrier could lead the coin to a serious downtrend. However, the support levels for the coin could be found at $0.30, $0.25, and $0.20, while the resistance levels lie at $0.55, $60, and $65 respectively.

ENJ/BTC Market: Price Remains in a Range

When compares with Bitcoin, the support level of this range is built around 1900 SAT. The resistance is set at 2100 SAT because the market price is still changing below the 21-day moving average. Technically, the price continues to move sideways within the channel as the technical indicator Relative Strength Index (14) moves to cross above the 50-level.

However, if the Enjin price remains below the moving averages, ENJ/BTC may likely cross below the lower boundary of the channel to hit the support level of 1600 SAT and below. Moreover, any bullish movement above the moving averages may allow the market to form a new upward trend and this could reach the potential resistance at 2300 SAT and above.

Enjin Alternatives

The Enjin price is currently facing the upside but the coin remains below the 9-day and 21-day moving averages. It has always sought to increase despite the pressure of the market. However, the crypto market is struggling with volatility, and the market may come out in the same way soon as the period after this one should be flourishing. Meanwhile, the FightOut token presale has raised almost $5.5 million and the sales of the token this year have been among the most explosive. However, as the presale comes to an end in the first quarter of 2023, the price of the token is expected to increase once it goes live.