Enjin Coin (ENJUSD) Needs A Smart Move
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Enjin Coin Analysis – Crypto Price Needs A Fresh Move
Enjin Coin (ENJUSD) needs a smart move from buyers. The coin is struggling to maintain its ground and seeks a paradigm shift to shift its price sentiment. Despite being cornered around the $0.21900 market zone, traders are expecting a significant surge. This could potentially push Enjin closer to the $0.3000 price level.
Enjin Coin Key Levels
Resistance Levels: $0.3000, $0.28400
Support Levels: $0.21900 $0.23600
This anticipated change, however, would require a considerable contribution from investors. If more investors join to elevate the market scenario, this could be the push the coin needs to break free.
Whether investors pitch in or not, one thing is certain: the market will break out of this stagnant state eventually. As we approach October, it is evident that Enjin Coin must initiate steps to solidify its position in the market.
During the consolidation phase, the buy-side is visibly active. While this seems promising, it is essential to note that the buyers lost their momentum earlier this year. Despite breaking the $0.23600 key level successfully, they were unable to push beyond the $0.3000 considerable level.
However, with the right strategy, it would not be surprising if the buyers regained their grip on the market again. If the buy-side investors can make a smart move, there’s a high possibility of increased buying strength. This, in turn, would add value to Enjin Coin.
The Moving Average Convergence and Divergence (MACD) indicator has not shown any significant progress in this context. The market needs a smart wave of momentum, which is currently amiss.
Market Expectation
On the 4-hour timeframe, the price of Enjin Coin continues to be consolidated as traders anticipate a leap of strength. As the new month unfolds, traders should be on the lookout for potential changes in the market dynamics for Enjin coin.
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