Binance Technical Analysis:$ENJ

USDT

๐Ÿš€ ENJ/USDT Update - Technical Analysis

ENJ (Enjin Coin) has seen a significant surge, trading at $0.3071, up 39.78% over the last 24 hours. Let's break down the key technical levels and targets to watch in the coming days.

Key Levels:

Current Price: $0.3071

24h High: $0.3100

24h Low: $0.2188

24h Volume (ENJ): 140.15M

EMA Indicators:

EMA(7): $0.2625

EMA(25): $0.2256

EMA(99): $0.1887

Technical Targets:

1. First Target: $0.3171 (Resistance)

This price point has been tested and is showing resistance. If ENJ breaks above this level with strong momentum, we could see a continuation of the rally toward higher levels.

2. Second Target: $0.3100 (Immediate Resistance)

The 24-hour high of $0.3100 is a critical resistance point. A breakthrough above this price could signal bullish continuation.

3. Third Target: $0.2633 (Support)

The support level at $0.2633 holds importance if the price begins to retrace. If ENJ falls to this level, it may see a bounce, provided there is strong buying interest at this price.

Risk Warning:

ENJ has undergone significant changes to its tokenomics, and the token supply is expected to increase significantly. Always perform your own research (DYOR) before entering any trade, as the market can be highly volatile.

๐Ÿ”” Trend Indicators:

EMA(7) and EMA(25) show a positive short-term trend, indicating upward momentum.

Bollinger Bands suggest volatility could increase, so traders should stay alert for any price breakouts.

Stay updated and trade wisely! ๐Ÿ“Š๐Ÿ“ˆ

Disclaimer: This is not financial advice. Always do your own research before making investment decisions.

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