Enjin Coin Price Prediction for Today, September 7

Enjin Coin Price Prediction for Today, September 7 – ENJ Technical Analysis

Updated: 07 September 2023

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The Enjin Coin price prediction shows that ENJ is beginning to restart the uptrend as the coin touches the daily high at $0.27.

Enjin Coin Prediction Statistics Data:

Enjin Coin price now – $0.26
Enjin Coin market cap – $262.4 million
Enjin Coin circulating supply – 1 billion
Enjin Coin total supply – 1 billion
Enjin Coin Coinmarketcap ranking – #103

ENJ/USD Market

Key levels:

Resistance Levels: $0.32, $0.34, $0.36

Support Levels: $0.19, $0.17, $0.15

Enjin Coin Price Prediction for Today, September 7 – ENJ Technical Analysis — ENJUSD – Daily Chart

ENJ/USD looks green today as the price hovers above the resistance level of $0.25 from the low of $0.23. However, any further bullish movement toward the upper boundary of the channel may increase the Enjin Coin price to $0.30 resistance. Meanwhile, traders should note that a consistent price increase could bring more buyers into the market if the bulls increase their positions.

Enjin Coin Price Prediction: ENJ Price May Continue to Break Higher

In the past few days, the Enjin Coin price has been following a sideways movement, but the bulls resumed the market and began to push the coin upward. Moreover, the daily chart reveals that if the 9-day moving average crosses above the 21-day moving average, it could increase the bullish movement within the channel.

Meanwhile, bears may take advantage of the coin slides below the lower boundary of the channel. However, the technical indicator Relative Strength Index (14) is likely to cross above the 60-level and if the Enjin Coin price stays above the moving averages, it could cross above the upper boundary of the channel to hit the resistance levels of $0.32, $0.34, and $0.36, but facing the south may bring the price down to the supports at $0.19, $0.17, and $0.15.

ENJ/BTC Increases the Bullish Movement

Against Bitcoin, the Enjin Coin price is hovering above the 9-day and 21-day moving averages. However, intraday trading is bullish as the coin moves to cross above the upper boundary of the channel to reach the resistance level at 1080 SAT and above.

On the contrary, if the sellers bring the market down below the moving averages, any bearish cross below the lower boundary of the channel may cause this coin to hit the support at 800 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) is likely to cross into the overbought region, suggesting more bullish signals into the market.

Alternatives to Enjin Coin

At the time of writing, the Enjin Coin price may begin to hold strong as the coin is ready for a bullish movement. Meanwhile, it could be possible that if the $0.20 support is tested, it’s likely to break to the downside. However, if ENJ/USD begins to abuse this level, then traders can expect the price to break to the downside, but if not, additional gains may be created for the coin.

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