Enjin Coin (ENJUSD) Buyers Are Still Below The $0.431200 Key Zone
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ENJUSD Analysis – Sellers Are Ready for Their Next Run
ENJUSD buyers are still suppressed below the $0.431200 key zone. In the past few months, there has been a lot of activity around this significant level. The crypto price experienced a reversal at this key zone between February and March. As the new year progressed, there were plenty of buying opportunities for traders in the market. Buyers were able to take advantage of these opportunities and push the price up; however, they were unable to break through the $0.562300 key level.
ENJUSD Key Zones
Resistance Zones: $0.552300, $0.431200
Support Zones: $0.353400, $0.0.236600
The buyers have been persistent in their efforts to break through this key level, but have so far been unsuccessful. The price has been hovering around the $0.431200 key zone, with buyers unable to make any significant progress. This has been a difficult situation for traders, as they have been unable to capitalize on the bullish momentum that was present at the beginning of the year. It is unclear what the future holds for ENJUSD buyers, but they will need to find a way to break through the $0.562300 key level to capitalize on the bullish momentum that was present earlier in the year. Until then, buyers will remain suppressed below the $0.431200 key zone.
The market’s consolidation above the key $0.431200 zone on the ENJUSD coin showed the recent signatures of both buyers and sellers. After a successful dump of price tendency down to the $0.353400 key zone, the buyers were able to establish a pullback. However, sellers finally broke through in the market and are now looking to channel down price momentum back to the $0.353400 significant level after the pullback to the $0.431200 significant zone.
Market Expectation
The Relative Strength Index (RSI) has established price strength to trade lower in the market. The Money Flow Index still shows price flow as sellers still hope for more action in the coming days. The buyers and sellers are now in a tug of war as they attempt to establish control over the market.
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