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The Enjin price prediction reveals that ENJ may continue to follow the bullish movement as the coin moves to cross above the channel.
Enjin Prediction Statistics Data:
- Enjin price now – $0.26
- Enjin market cap – $257.6 million
- Enjin circulating supply – 1 billion
- Enjin total supply – 1 billion
- Enjin Coinmarketcap ranking – #111
ENJ/USD Market
Key Levels:
Resistance levels: $0.30, $0.32, $0.34
Support levels: $0.22, $0.20, $0.18
ENJ/USD is likely to hold gains above the support level of $0.25 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, the Enjin price could start another decline unless it surpasses and stays above the main $0.35 resistance zone.
Enjin Price Prediction: Would Enjin Spike Above $0.28?
According to the daily chart, the Enjin price is currently hovering at the resistance level of $0.26 and the initial support could still be created below the previous low at $0.24. However, if the coin eliminated this level, the sell-off may begin with the next focus on the $0.23 level. Therefore, if this support level drops further, the downward momentum could begin to snowball, and the next supports may be located at $0.22, $0.20, and $0.18.
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. Above this barrier, traders may need to consider a sustained move for the extended recovery to the resistance levels of $0.30, $0.32, and $0.34.
ENJ/BTC Faces the North
Against BTC, buyers are making an effort to step back into the market as the Enjin price keeps hovering above the 9-day and 21-day moving averages. On the upside, if the price moves near the upper boundary of the channel, the nearest resistance level could be located at 900 SAT and above.
Meanwhile, when looking from the downside, the nearest support level is below the moving averages at 700 SAT. Therefore, if the price drops further to create another low, lower support is located at 650 SAT and below.
Enjin Alternatives
The Enjin price 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 as the coin touches the daily high at $0.28. Meanwhile, the crypto market is trading bullishly as the period after this one should be flourishing.
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