ENJ/USD Holds Strong at $0.39 as Price Breaks Higher

The Enjin price prediction shows that ENJ is moving with an uptrend, and traders could expect an early arrival of a price rally.

Enjin Prediction Statistics Data:

• Enjin price now – $0.39
• Enjin market cap – $389 million
• Enjin circulating supply – 1 billion
• Enjin total supply – 1 billion
• Enjin Coinmarketcap ranking – #85

ENJ/USD Market

Key Levels:

Resistance levels: $0.50, $0.52, $0.54

Support levels: $0.30, $0.28, $0.26

ENJ/USD 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 despite the pressure of the market. However, the crypto market is struggling with volatility, and the market may come out in the same way soon. The period after this one should be flourishing.

Enjin Price Prediction: ENJ Could Gain More Upwards

At the time of writing, the Enjin price continues to hold strong at $0.39, and it’s possible that if the $0.36 support is tested, it’s likely to break to the downside. However, if ENJ/USD begins to abuse this level, the traders can expect the price to break beneath it at some point, and the critical support levels of $0.30, $0.28, and $0.26 may be tested.

Looking at the daily chart, the Enjin price is hovering around $0.39 with a strong bullish movement supported by slightly positive technical levels. However, the resistance levels are located at $0.50, $0.52, and $0.54 as the technical indicator Relative Strength Index (14) remains within the overbought region to increase the bullish movement.

Against Bitcoin, the Enjin price is also grinding higher as the market price crosses above the upper boundary of the channel to hit the daily high at 2028 SAT. However, ENJ/BTC is now contained within the channel as traders wait for the bulls to hopefully push the market higher while the technical indicator Relative Strength Index (14) moves into the overbought region.

Moreover, if the bulls can keep the coin above the 9-day and 21-day moving averages, traders could expect initial resistance at 2000 SAT. Above this, higher resistance can then be found at 2300 SAT and above. On the contrary, if the sellers bring the market beneath the moving averages, the coin can hit critical support at 1500 SAT and below.

However, Meta Masters Guild (MEMAG) is the most rapidly growing Play-to-Earn guild of this year. Therefore, it is going to be the biggest mobile gaming guild in Web3. Fun and interesting games, which are compatible with NFTs, are created. And there, community members are rewarded as they speculate and also invest. The MEMAG presale is ongoing and close to $500,000 has been raised so far.

Related