Enjin Coin worth evaluation: ENJ good points 16 p.c as the worth zooms previous $4.5


TL;DR Breakdown

  • The Enjin Coin worth evaluation is bullish at present.
  • ENJ breaks above the $4 psychological mark.
  • The ENJ is in overbought standing.

The Enjin Coin worth evaluation exhibits the coin is in bullish momentum, as at present it broke above $4.5 in the direction of an all-time excessive. The ENJ/USD pair has been in bullish mode since seventeenth November, and the newest bullish momentum began on twenty second November after a day of correction. General the coin has been bullish since twenty ninth September as the worth pattern line has been upwards since then.

Nevertheless, ENJ went into consolidation part on seventh November, which continued until 18th November, and on nineteenth, the coin rallied excessive in the direction of the $3.6 mark, gaining important worth. Right now ENJ is at an all-time excessive of $4.53 whereas swinging as excessive as $4.74 at a degree. The closest assist for the crypto pair is current at $4.08.

ENJ/USD 1-day worth chart: ENJ on a bullish flight

The 1-day Enjin Coin worth evaluation exhibits that the cryptocurrency continues to be racing larger above $4.5 as it’s buying and selling arms at $4.53 on the press time. The ENJ/USD pair experiences a achieve in worth by 16.8 p.c during the last 24 hours and in addition a rise within the worth worth by 57.2 p.c over the course of the previous seven days. The market cap has improved by 16.7 p.c, and the buying and selling quantity has elevated by virtually 48 p.c.

Enjin Coin price analysis: ENJ gains 16 percent as the price zooms past $4.5 1
ENJ/USD 1-day worth chart. Supply: Tradingview

The volatility is rising for the ENJ/USD because the Bollinger bands are increasing once more and proceed to diverge, with the higher band at $4.08 representing assist for the ENJ/USD pair. The transferring common (MA) is current on the $3.49 mark.

The ENJ/USD can also be overbought in the intervening time, because the relative power index (RSI) continues to commerce within the overbought area at index 73 from twenty third November. The RSI curve continues to be steeply upwards, indicating excessive shopping for exercise available in the market.

Enjin Coin worth evaluation: Current developments and additional technical indications

The 4-hour Enjin Coin worth evaluation exhibits that the worth breakout was upwards at present, and the cryptocurrency has not undergone correction at present at any level as all of the candlesticks for at present are inexperienced. As bulls are defining the worth curve, and the worth is oscillating quick upwards, which nonetheless continues to the upside.

Enjin Coin price analysis: ENJ gains 16 percent as the price zooms past $4.5 2
ENJ/USD 4-hours worth chart. Supply: Tradingview

The volatility has been rising for the crypto pair on the 4-hour chart in addition to the Bollinger bands are increasing steeply, with the higher band at $4.48 representing assist for the ENJ/USD pair and the decrease band is current on the $2.96 mark. The transferring common (MA) is current on the $4.08 mark right here as properly, and the RSI has entered the overbought area on the 4-hour chart as properly at present as now the RSI is buying and selling at index 76.

Enjin Coin worth evaluation: Conclusion

The Enjin Coin worth evaluation exhibits the worth of the crypto pair has elevated considerably at present because the ENJ worth is on the highest level of all instances. The value is masking an upwards vary from the final 20 hours, however throughout the remaining 4 hours, a slight correction could loom because the crypto pair is already overbought as properly.

Disclaimer. The knowledge supplied isn't buying and selling recommendation. Cryptopolitan.com holds no legal responsibility for any investments made based mostly on the data supplied on this web page. We strongly suggest unbiased analysis and/or session with a professional skilled earlier than making any funding choices.

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