CryptoSignals News
Join our Telegram

Enjin Coin (ENJUSD) Sideways Motion Continues

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

Enjin Coin (ENJUSD) Sideways Motion Continues

Market Analysis – Traders Await Momentum

Enjin coin sideways motion continues as market traders await momentum. The price of the ENJUSD has been reluctant to make significant movements for weeks, lacking the momentum needed for a substantial slide or surge. Traders have been waiting for the market to regain a solid rhythm, but so far, the coin has been struggling to find a clear direction. 

Enjin Coin started the year with a dip in price, as sellers easily breached the key level of $0.340200. The sell pressure intensified, pushing the price down to a significant level of $0.251500. However, buyers recognized the need for a reversal and attempted to regain control. Despite their efforts, the bulls have not yet gained enough momentum to fully recover. As a result, the Enjin market has been rolling in accumulation for several days, extending into the new month.

ENJUSD Key Levels

Resistance Levels: $0.428000, $0.340200
Support Levels: $0.251500, $0.202500

Enjin Coin Sideways Motion Continues

The Money Flow Index (MFI) on the daily chart for Enjin Coin indicates a bearish sentiment, as it runs deep below the 40.00 level. This suggests that buyers are currently exerting minimal pressure on the market, leading to consolidation. Additionally, the Moving Average crossing has not yet formed a golden cross, indicating a lack of a clear trend for ENJUSD

To navigate the current market conditions and identify potential entry and exit points, traders can benefit from utilizing the best forex signals. These signals provide valuable insights and analysis from experts in the field, helping traders make informed decisions. By leveraging the power of forex signals, traders can identify potential places to place orders in the market. This will increase their chances of success.

Enjin Coin Sideways Motion Continues

Market Expectation 

In shorter time frames, the Enjin Coin market continues to move at a slow pace. The struggle between buyers and sellers persists, with sellers attempting to take further control. Traders should remain cautious and closely monitor the market for any signs of a breakout or reversal.

You can purchase Lucky Block here.  Buy LBLOCK

Note: 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.

Recent News

September 20, 2023

Polkadot Is Oversold as It Drops to Its Previous Low of $3.91

Polkadot (DOT) Long-Term Analysis: BearishPolkadot (DOT) has continued to fall in price as it drops to its previous low of $3.91. The downtrend has been making a succession of lower highs and lower lows since August 17. On September 11, the crypto fell to a low of $3.91 as bulls bought dips. The al...
Read More
February 19, 2024

Polygon (MATIC/USD) Price Rises, Retarding Negativities

Polygon Price Prediction – February 19 Muscling of momentum process has been firmly executed by bulls in the bargaining line that involves Polygon and the US Dollar, as the present trade situation is having that the market swings high, retarding negativity inputs. There has been a steady outpouring...
Read More

Join Our Free Telegram Group

We send 3 VIP signals a week in our free Telegram group, each signal comes with a full technical analysis on why we are taking the trade and how to place it through your broker.

Get a taste of what the VIP group is like by joining now for FREE!

arrow Join our free telegram