Enjin Coin Price Prediction for Today, February 11 – ENJ Technical Analysis

adminFebruary 12, 2024

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Enjin Coin Price Prediction shows that ENJ is starting to resume its upward trend with the coin reaching a daily high of $0.30.

Enjin coin price is still recovering and is up 1.23% to $0.305.

Enjin Coin price has entered the new week showing a subtle bullish trend that is expected to continue for the next week and potentially all of next week. Enjin Coin price is currently at $0.302, following the bulls successfully conquering the $0.300 resistance.

Enjin Coin prediction statistical data:

Current Enjin Coin price – $0.30
Enjin Coin market capitalization – $417.2 million
Enjin Coin Circulation Volume – 1.3 billion
Enjin Coin total supply – 1.7 billion
Enjin Coin CoinMarketCap Ranking – #130

EUR/USD market

Main level:

Resistance levels: $0.40, $0.45, $0.50

Support levels: $0.20, $0.15, $0.10

Enjin Coin Price Prediction for Today, February 11 – ENJ Technical Analysis — ENJUSD – daily chart

ENJ/USD looks green today as the price has moved above the $0.297 resistance from the low of $0.296. However, further bullish movement towards the upper boundary of the channel could push the Enjin Coin price towards the $0.350 resistance. Meanwhile, traders should note that as bulls increase their positions, continued price increases may attract more buyers to the market.

Enjin Coin Price Prediction: ENJ Price Could Go Higher

Over the past few days, Enjin Coin has been trading sideways, but the uptrend has reopened the market and started pushing the coin higher. However, a look at the daily chart shows that bullish movement within the channel may increase if the 9-day moving average crosses the 21-day moving average.

Meanwhile, bears can capitalize on a coin if it slips below the lower border of the channel. However, the 9-day moving average cannot go above the 21-day moving average, but if Enjin Coin price stays above the moving average, it may move near the upper boundary of the channel and reach the resistance level of $0.40. $0.45 and $0.50, but a slide below the lower boundary of the channel could push the price down to the support levels of $0.20, $0.15 and $0.10.

ENJ/BTC may move to the upside

The price of Enjin Coin compared to Bitcoin is below the 9-day moving average and the 21-day moving average. However, intraday trading is bullish as the coin crosses the upper boundary of the channel and reaches resistance levels above 750 SAT.

Conversely, if sellers push the market lower, a bearish crossover below the lower boundary of the channel could cause this coin to hit support below 500 SAT. Meanwhile, the 9-day moving average remains below the 21-day moving average, suggesting there are more bearish signals in the market.

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According to the daily chart, Enjin price is poised for strength but could experience a downside once the $0.25 support is tested. Meanwhile, Bitcoin Minetrix, a decentralized cloud mining platform, achieved $10.6 million during its pre-sale period, standing out against Enjin’s market capitalization of $417.2 million, which promises significant growth potential. there is.

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