ENJ/USD’s Daily Chart Shows Price Action on a Steady Bullish Move.
The rise in the value of ENJ/USD is steady as the price action rises with the 9-day moving average. But on the 4-hour chart, the price activities are quite erratic. It is quite a struggle between the bulls and the bears, but the bulls are driving the price to the upside steadily. For now, they have managed to fix the price at $0.71472620. The 4-hour chart also confirms the slight bullish move which is pushing up. However, if today closes in favor of the bears, the trend may reverse briefly.
ENJ/USD Price Statistic Data
- ENJUSD price for now: – $0.7159
- ENJUSD market cap:- $641 million
- ENJUSD circulating supply: – 896million ENJ
- ENJUSD total supply:- 1 billion ENJ
- ENJUSD total coin market cap ranking:- #74
Key Levels:
Support levels:- $0.55564848, $0.62671578, $0.70644982
Resistance levels:- $0.66831615, $0.52964875, $0.46551435
ENJ/USD Price Prediction: What the Indicators Are Saying
The signal line of the Relative Strength Index is almost moving horizontally, while the RSI curve moves in a very erratic manner. The signal line, being a slow indicator, could not catch up in response to the movement of the RSI curve. The RSI line at the time of writing this analysis Holds continuously at 57% on the 4-hour chart. But the RSI indicator on the daily chart is fairly on the rise. And it is holding at 62.9%.
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Price Prediction For ENJIN:
Going by the steady bullish trend of the market, the price may not reach $0.800000 as quickly as we may expect it to rise. I think ENJUSD’s next move may reach $0.71604474.
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Source: https://insidebitcoins.com/news/enj-usd-price-prediction-for-14th-august-enjin-made-a-1-67-rise-in-value