ENJ USDT Enjin Coin Technical Analysis

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By Frans van Elst

Enjin Coin logo In this Enjin Coin technical analysis, we will examine the current price action, trading volume, key levels and indicators for ENJ-USDT. Enjin Coin is a gaming-focused cryptocurrency that leverages blockchain technology to provide gamers with unique in-game items and experiences. With ENJ, players can purchase, sell, and trade digital assets within the gaming ecosystem, creating new opportunities for both game developers and players alike. By utilizing non-fungible tokens (NFTs), Enjin Coin enables gamers to own truly unique digital assets that are stored securely on the blockchain.

Enjin Coin Price Overview:

As of May 27, 2024, Enjin Coin is trading at approximately 0.3729 USDT. Let’s dive into the detailed price action for ENJ-USDT:

Confirm Enjin Coin’s (ENJUSDT) bullish outlook at 3.73e-01 USDT with technical analysis, emphasizing strong support and positive indicators.

Metric Value
Open (O) 0.3409
High (H) 0.375
Low (L) 0.3385
Close (C) 0.3729
Volume (C) 11,375,023.50
  • Open (O): The opening price for today’s trading session was approximately 0.3409 USDT.
  • High (H): Enjin Coin reached a daily high of around 0.375 USDT.
  • Low (L): The daily low for ENJ-USDT was approximately 0.3385 USDT.
  • Close (C): At the time of analysis, Enjin Coin is trading near its daily close of 0.3729 USDT.
Metric Value
1D Change (%) 9.32%
3D Change (%) 6.48%
7D Change (%) 11.78%
30D Change (%) 17.63%
90D Change (%) -11.76%
YTD Change (%) -1.66%

Over the past three days, ENJUSDT has risen by approximately 6.48%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.78%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ENJUSDT maintaining an upward trend of approximately 17.63%, despite intermittent fluctuations. Examining the last 90 days, ENJUSDT has witnessed substantial decrease of approximately -11.76%, reflecting strong long-term confidence. Year-to-date, ENJUSDT has steadily declined by around -1.66%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Enjin Coin Live Chart:

You can access a live price chart for ENJ-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.66959.
  • Momentum score is 0.243.

ENJ USDT Technical Analysis

Enjin Coin Trading Volume:

The trading volume for Enjin Coin (ENJ) over the past 24 hours has been insignificant, with approximately 11,375,023.50 USDT traded against ENJ. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ENJ is currently trading above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Enjin Coin is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ENJ-USDT is currently in the neutral zone, around 53.26709. This suggests that Enjin Coin is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Enjin Coin (ENJ-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Confirm Enjin Coin’s (ENJUSDT) bullish outlook at 3.73e-01 USDT with technical analysis, emphasizing strong support and positive indicators.

Take the next step in your exploration by delving into our detailed insights on ENJ BTC Enjin Coin Technical Analysis; it’s a natural follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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