Enjin Price Prediction for Today, January 14 – ENJ Technical Analysis

The Enjin price prediction shows that ENJ could begin to face the upside, and traders may expect an early arrival of a price rally.

Enjin Prediction Statistics Data:

• Enjin price now – $0.33
• Enjin market cap – $436.8 million
• Enjin circulating supply – 1.3 billion
• Enjin total supply – 1.7 billion
• Enjin Coinmarketcap ranking – #121

ENJ/USD Market

Key Levels:

Resistance levels: $0.42, $0.44, $0.46

Support levels: $0.24, $0.22, $0.20

ENJ/USD is currently facing the upside as the coin remains above the 9-day and 21-day moving averages. The Enjin price 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. The period after this one should be flourishing.

Enjin Price Prediction: ENJ Could Gain More Upwards

At the time of writing, the Enjin price is beginning to hold strong at $0.33, and it’s possible that if the $0.32 support is tested, it’s likely to break to the downside. However, if ENJ/USD begins to abuse this level, the traders can expect the price to break beneath it at some point, and the critical support levels of $0.42, $0.44, and $0.46 may be tested.

Looking at the daily chart, the Enjin price is hovering around $0.33 with a strong bullish movement supported by slightly positive technical levels. However, the resistance levels are located at $0.42, $0.44, and $0.46 but the 9-day moving average may need to cross above the 21-day moving average to increase the bullish movement.

ENJ/BTC Could Begin the Uptrend

Against Bitcoin, the Enjin price is also grinding higher as the market price crosses above the 9-day moving average to hit the daily high at 735 SAT. However, ENJ/BTC is now moving sideways within the channel as traders wait for the bulls to hopefully push the market higher.

Moreover, if the bulls can push the coin above the 21-day moving average, traders could expect initial resistance at 850 SAT. Above this, higher resistance can then be found at 930 SAT and above. On the contrary, if the sellers bring the market beneath the moving averages, crossing below the lower boundary of the channel may locate the critical support at 520 SAT and below.

Alternatives to Enjin

The Enjin price is likely to hold gains above the resistance level of $0.35 as the price faces the resistance level of $0.28. At the time of writing, the Enjin price is recovering above the 9-day and 21-day moving averages. Meanwhile, bulls must realize the need to cross and keep the price above the upper boundary of the channel before they can get to the potential resistance levels.

On that note, Bitcoin Minetrix (BTCMTX) revolutionizes Bitcoin mining within the Ethereum ecosystem, offering user-friendly access without technical expertise or hardware investments. Meanwhile, Enjin (ENJ) holds a strong market position with a $436.8 million capitalization, but BTCMTX is gaining attention for its innovative methods, raising $8.4 million during its presale phase.