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The Enjin Coin price has plummeted 18% in the last 24 hours to trade at $0.08987 as of 3:30 a.m. EST on a 10% increase in trading volume to $355 million.
Enjin Coin Price Consolidates Within A Bearish Channel
The ENJ/USDT trading pair on the daily timeframe shows a notable shift in trend after a prolonged bearish phase. The price action had been confined within a descending channel from late December 2024 until mid-April 2025, indicating sustained downward pressure.
However, a breakout has occurred recently, with ENJ moving decisively above the upper boundary of the bearish channel. This is often interpreted as a bullish reversal signal, especially when supported by other indicators.
ENJ is trading at $0.08987, showing a slight decline in recent hours. Despite the dip, the broader structure points toward bullish momentum. A well-defined support level exists at around $0.068, which has been tested multiple times and has formed a strong demand base.
ENJUSDT Analysis Source: Tradingview
ENJ Signals Early Bullish Reversal After Breakout
The immediate resistance lies between $0.17 and $0.18, aligning with prior highs within the channel and marking the next potential target for bulls. If this level is successfully breached, the price could aim for the major resistance zone between $0.38 and $0.45, an area previously acting as a strong supply region.
The RSI (Relative Strength Index) stands at 62.59, rising steadily from oversold conditions. This reading reflects strengthening bullish momentum and confirms a bullish divergence, especially after crossing above the signal line. The RSI is approaching the overbought region, suggesting that while momentum is strong, caution should be exercised as a pullback could be imminent near key resistance levels.
Liquidity zones further support the bullish case. Upside liquidity is concentrated around the $0.15 to $0.18 range, where short positions may be liquidated, driving prices higher. Conversely, the downside liquidity of nearly $0.07 has already been tapped, reducing the risk of a deeper correction in the short term.
Enjin Coin appears to be in the early stages of a bullish reversal following its breakout from a long-standing bearish channel. However, traders should monitor price behavior around resistance zones and stay alert for signs of exhaustion as the RSI approaches overbought territory.
SUBBD Token Gains Momentum As Presale Crashes Past $214k
As Enjin Coin faces challenges in bouncing back, SUBBD Token (SUBBD) is attracting growing interest in the crypto space.
The influencer-backed platform has already exceeded the $214k presale mark and is now eyeing its next target at $400k.
SUBBD is making waves in the creator economy by combining AI technology with Web3. Its platform helps content creators by automating tasks like fan interactions, content creation, and live stream management, giving them more time to focus on what they do best.
Let’s be real – no one subscribes just to wait around.
You’re in the mood now. But instead…
You're stuck refreshing, hoping for a reply, or waiting days for that one custom you paid for.
It’s slow. It’s awkward. And honestly? It kills the vibe.🫠
Here’s how SUBBD fixes all… pic.twitter.com/NPHXZFxHsb
— SUBBD (@SUBBDofficial) April 15, 2025
The SUBBD Token powers this ecosystem, enabling direct, low-cost crypto payments between fans and creators. Cutting out middlemen allows for faster, more secure transactions and better earnings for creators.
Fans enjoy perks such as instant content access, tipping, and exclusive rewards through SUBBD tokens, while creators benefit from tools that reduce their workload and increase revenue.
Crypto YouTuber ClayBro, who has over 136k subscribers, called SUBBD “one of the best new cryptocurrencies to buy now.”
Investors Can Gain Access To A 20% APY
SUBBD is gaining attention with a strong value proposition, especially as the creator economy is expected to hit $85 billion by 2028. The project taps into the rising trend of subscription-based content, offering early investors a chance to get in on a fast-growing market where AI meets crypto.
With a reported network of 250 million users, SUBBD token holders can access premium features, including loyalty rewards and discounts on subscriptions and content.
Out of its 1 billion total token supply, 10% is set aside for airdrops, while a large portion will reward the community and content creators. Investors can also stake their SUBBD tokens and earn a fixed 20% annual return.
The token is currently available in its presale phase for $0.055225, but that price will rise in a little more than 2 days as the project moves to the next presale stage.
Visit the official website to learn more about SUBBD.
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