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

Enjin Coin price prediction is currently pushing the coin above the $2500 resistance level, but it is still falling below the moving averages.

Engine prediction statistical data:

• Current engine price – $0.31
• Engine market capitalization – $345.1 million
• Engine distribution volume – 1 billion
• Enjin total supply – 1 billion
• Enjin CoinMarketCap Ranking – #132

EUR/USD market

Main level:

Resistance levels: $0.40, $0.42, $0.44

Support levels: $0.27, $0.25, $0.23

ENJ/USD begins a new rally today as the price rises towards the upper boundary of the channel. However, if the cryptocurrency breaks through the $0.35 resistance level, it is likely to accelerate to higher rates. Over the past few days, Enjin Coin has been hovering above its moving average as further bullish moves could put Enjin Coin price on a recovery track.

Enjin Coin Price Prediction: How far can Enjin Coin price go?

As of this writing, Enjin Coin price is trading at $0.33 after adding 1.04% to its value. The strength of the coin could open the door to a massive rally above the upper boundary of the channel. However, potential resistance at $0.35 needs to be reached to pave the way for imminent action.

From a technical perspective, ENJ/USD can overcome the hurdle above the channel as the 9-day moving average remains above the 21-day moving average. The bulls could be aiming for a clear upside breakout and the coin appears capable of reaching resistance levels of $0.40, $0.42, and $0.44. Meanwhile, if the market price falls to the downside, traders may find support levels at $0.27, $0.25, and $0.23, respectively.

ENJ/BTC may be trading bullishly

Compared to Bitcoin, Enjin Coin price remains within the 9-day and 21-day moving averages and is currently trading at 748 SAT, with a breakout expected towards the channel upper limit. Looking at the daily chart, traders can see that strength is likely to push the market higher and the next major resistance level could be above 950 SAT.

Meanwhile, on the downside, a possible decline to the lower border of the channel could lead the market to reach support levels below 595 SAT. Moving averages show that the 9-day MA is above the 21-day MA, which could trigger more bullish signals in the market.

engine alternatives

Enjin price is likely to rise above the resistance level of $0.35 as the price faces the resistance level of $0.28. As of this writing, engine prices are recovering above the 9-day and 21-day moving averages. Meanwhile, bulls must realize that the price must hold above the channel upper limit before reaching the potential resistance level.

Nonetheless, while Enjin Coin maintains a bullish trend, buyers should keep an eye on the promising upside of the Bitcoin Minetrix token in the cryptocurrency space. As a new entrant, Bitcoin Minetrix quickly raised an impressive $4.9 million during the pre-sale period, highlighting strong early investor support.

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