Enjin Coin (ENJUSD) Buyers Seek Redemption
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ENJUSD Analysis – Bullish Momentum Gains Pace
Enjin buyers seek redemption as bullish momentum gains pace. Enjin has seen a significant increase in momentum recently, with buyers displaying their inner strength. The buyers have been consistently pushing the price higher, posing a serious threat to sellers. It is evident that the buyers have awakened and are determined to make their presence felt in the market.
ENJUSD Market Levels
Resistance Levels: $0.40000, $0.367500
Support Levels: $0.27500, $0.20060
The surge in bullish liquidity was evident as buy traders pierced through the $0.367500 price level. Before this breakthrough, the buyers had encountered resistance below this key level for several days. However, they persevered and managed to stage an uprising. This breakthrough led to a surge in market sentiment and propelled the price higher.
Over the past three months, buyers have been focused on a strong recovery. Throughout the year, the bears had a firm grip on the market, with sellers seemingly having more supply than buyers’ demand. This bearish dominance resulted in a downward trend in the Enjin price from the beginning of the year. However, as we approach the end of the year, the buy traders have become more active, hopeful for a challenge.
Market Expectation
The bulls have successfully crossed the $0.367500 price level and show no signs of backing down. This suggests that the Enjin price could potentially experience a more bullish flow as we enter the new year. The Price Oscillator acceleration indicator has yet to show any signs of losing momentum, indicating that buyers plan to maintain serious composure as the year draws to a close.
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