ENJ technical analysis shows that the bullish attempt to end the correction phase under the resistance trendline influence prepares to push the ENJ price to $0.77. Key Technical Points: ENJ prices have increased by 0.28% in the last 24 hours. The price action shows a post-retest reversal from the $75 mark. The 24-hour trading volume of Enjin is $432 Million, indicating a rise of 4%. Past Performance of ENJ The ENJ price action shows an increase in market value after taking support at the $0.38 mark to reach the overhead resistance of $0.58. However, the reversal rally fails to overwrite the prevailing bearish trend as the resistance trendline knocks the price lower. Additionally, the 50-day SMA supports the bearish trend opposing the bullish growth twice last month. Source – Tradingview ENJ Technical Analysis The ENJ price chart shows another bullish attempt to exceed the resistance trendline influence and rise above$0.58. In such a case, traders can expect the breakout rally to reach the overhead resistance at the $0.77 mark. The MACD indicator shows the fast and slow lines avoiding a bearish crossover event reflecting an increase in the buying pressure. The bullish trend regaining trend momentum helps the bullish histograms resurface. The RSI indicator supports the thesis of a sudden increase in underlying bullishness as the slope reverses in the nearly oversold zone. The reversal surpasses the 14-day average line and approa...
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