Enjin Coin (ENJUSD) Bears Maintain Control as Downtrend Deepens

Market Analysis – Enjin Coin Continues to Strike Lower

Enjin Coin bears maintain control as the downtrend deepens. Enjin continues its strong bearish trend as sellers extend their dominance in the market. The price has now dropped below the $0.1220 significant level, confirming further downside momentum.

Enjin Key Levels

Support Levels: $0.1000, $0.0800, $0.0700
Resistance Levels: $0.1500, $0.1800, $0.0200

After a short-lived bullish rally to the $0.2500 key zone at the start of the year. The market reversed sharply, with sellers gaining control. Weak buyer participation has allowed bears to push lower, and the trend suggests further downside is likely.

The Parabolic SAR confirms a strong downward trend, with no signs of a reversal. The RSI remains in a bearish zone, indicating continued selling pressure. If the $0.1220 significant zone support fails, $0.1000 will be the next key target for sellers.

With sellers maintaining control, the market may continue its descent toward lower price levels. If the price breaks below the $0.1220 market zone, expect a move toward the $0.1000 key area, reinforcing the bearish trend. A temporary bounce may occur, but unless the price reclaims the $0.1500 key level, the overall bias remains bearish.

Market Expectation

On shorter time frames, the bearish sentiment remains strong. The Parabolic SAR suggests continued downward pressure with no signs of reversal.

The RSI remains low, indicating weak buying interest and continued downside risk. Sellers are likely to push toward the $0.1000 key level unless buyers regain control. Without strong buying pressure, Enjin may continue its decline, with sellers firmly in control.

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