Enjin Coin (ENJUSD) Price Continues to Play Hide and Seek
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
ENJUSD Analysis – Buyers Intercept Selling Moment
ENJUSD price continues to play hide and seek as buyers intercept the selling force. The bulls have not been able to generate enough buying power to break this old high. Instead of a breakout, the price has been consolidating above the $9.429000 psychological level. Despite the buyers’ attempts to change the tide, the crypto price has yet to make any potential breakout.
ENJUSD Key Zones
Resistance Zones: $0.545300, $0.429000
Support Zones: $0.321000, $0.233000
The buyers have recently intercepted the selling momentum on the ENJUSD price. However, this is not a sure indication that the buyers are ready to break through the $0.545300 key zone. The last few days of trading have seen the selling momentum gain strength. The buyers have been able to keep it in check, but it is still not enough to make a breakout.
It is still uncertain whether the buyers will be able to eventually change the price tide by placing more orders in the market. If they can, then the ENJUSD price could finally make a breakout beyond the $0.545300 key zone. Until then, the crypto price will continue to play hide and seek with buyers. The MACD (Moving Average Convergence and Divergence) has been strongly influenced by bearish momentum. This implies that there could be more selling on the crypto market in the coming days. The RSI (Relative Strength Index) is still in the middle zone and being influenced by price consolidation. Nevertheless, investors’ decisions can have a great impact on the ENJUSD price.
Market Expectation
The bulls are currently in control of the ENJUSD market, with the buying stance in place. However, the sellers are also lurking around and are ready to take over. The market is currently in a tug-of-war between the bulls and the bears, and it is likely to remain below the $0.545300 key zone for a while. The bears are looking to take advantage of any signs of weakness to push the price down. The price could break out of this range either to the upside or the downside, depending on which side can gain more control. For now, traders should be aware of the tug-of-war between the bulls and the bears and be prepared for any sudden movements.
You can purchase Lucky Block here. Buy LBLOCK
Note: Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
