Enjin Coin Buyers Maintain a Straight Course

ENJUSD Analysis – Bullish Momentum Continues to Grow

Enjin Coin market is currently experiencing a bullish trend, with buyers maintaining a steady course towards the $0.1580 significant level. The ENJUSD has been making successive bullish appearances over the course of the week, following a recent drop.

Enjin Coin Key Zones

Resistance Zones: $0.3300, $0.2670
Support Zones: $0.1580, $0.1260

The bulls have been gaining ground, heading towards the $0.1580 significant level. Earlier this August, bears broke through the $0.1580 price zone, causing the crypto price to fall to the $0.1260 market area. However, buyers are now pushing their luck to see prices rebound.

To achieve a strong reversal for the Enjin price, bulls first need to breach the $0.1500 market area. The Parabolic SAR (Stop and Reverse) indicator shows that buyers are gaining strength on the daily chart.

Additionally, the [MACD (Moving Average Convergence and Divergence) is also gaining strength as buyers continue to edge upward. The push might be tough, but buy traders mustn’t give in to any pressure.

Market Expectation

The lower 4-hour chart reflects a price struggle, but the bulls are not ready to give in. Buyers need to continue their efforts to achieve a major breakthrough beyond the $0.1580 significant zone. With the influx of more traders coming to the rescue, it plausible to see buyers expand even further. With a breakout in sight, the crypto traders should also anticipate a pullback before placing orders so as to minimize loses in the market. 

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