Enjin Coin Price Prediction for Today, April 7: ENJ/USD Records 14.62% Spike as Price Hits $0.50 Level
According to the daily chart, the Enjin Coin price prediction shows that ENJ breaks out as the price aims for a new high at $0.50.
Enjin Coin Prediction Statistics Data:
- Enjin Coin price now – $0.48
- Enjin Coin market cap – $479.4 million
- Enjin Coin circulating supply – 1 billion
- Enjin Coin total supply – 1 billion
- Enjin Coin Coinmarketcap ranking – #86
ENJ/USD Market
Key Levels:
Resistance levels: $0.60, $0.65, $0.70
Support levels: $0.30, $0.25, $0.20
ENJ/USD with all its blazing guns hits a new monthly high above $0.50 surging more than 14.62% at the time of writing. As expected, the cryptocurrency with a market cap of $479.4 million has finally given a breakout about 9-day and 21-day moving averages, which has now entered the price discovery mode. However, the journey has just started for the Enjin Coin as it is eyeing the $0.60 level to be its next target.
Enjin Coin Price Prediction: Would Enjin Coin Price Move Higher?
Looking at the daily chart, the Enjin Coin price can be expected to rise to $0.55 over the next few days while the ongoing trend may move a little bit higher in the coming days. ENJ/USD may move near the upper boundary of the channel to touch the nearest resistance of $0.55. Therefore, as the 9-day MA remains above the 21-day MA, the coin may continue to do well and the price could hit the resistance levels at $0.60, $0.65, and $0.70 respectively.
Meanwhile, ENJ/USD is currently changing hands at $0.48 amid a building bullish momentum. However, the technical indicator Relative Strength Index (14) also confirms the uptrend while the signal line crosses above the 60-level, suggesting more bullish signals into the market. Any bearish movement below the lower boundary of the channel could roll the market to the support levels of $0.30, $0.25, and $0.20.
Against Bitcoin, the market price focuses on the uptrend within the channel as the coin trades above the 9-day and 21-day moving averages. ENJ/BTC is currently trading at 1728 SAT and if the market continues to rise, the next key resistance could be at 2208 SAT and above.
On the contrary, a possible bearish movement could bring the coin below the lower boundary of the channel, this could lead the coin to the support level of 1100 SAT and below. Meanwhile, the market may continue to have a bullish day because the Relative Strength Index (14) is moving to cross into the overbought region, suggesting more bullish signals.
Alternatives to Enjin
The Enjin price is hovering above the moving averages as the coin touches the resistance level of $0.50. Meanwhile, if the $0.40 support is tested, it’s likely to break to the downside. If ENJ/USD begins to abuse this level, traders can expect the price to break to the downside. Meanwhile, the Love Hate Inu token presale has raised almost $3.5 million and the sales of the token this year have been among the most explosive. However, as the presale comes to an end in the next few days, the price of the token is expected to increase once it goes live.
Comments
Post a Comment