The Enjin Coin price prediction shows that ENJ is getting ready to cross above the 21-day moving average after a rapid retracement within the channel.

Enjin Coin Prediction Statistics Data:

• Enjin Coin price now – $0.28
• Enjin Coin market cap – $290.6 billion
• Enjin Coin circulating supply – 1 billion
• Enjin Coin total supply – 1 billion
• Enjin Coin CoinMarketCap ranking – #135

ENJ/USD Market

Key Levels:

Resistance levels: $0.35, $0.37, $0.39

Support levels: $0.21, $0.19, $0.17

ENJ/USD is currently recovering above the opening price of $0.27 and it is likely to climb above $0.30 soon. Meanwhile, the Enjin Coin price is now trading above the 9-day moving average as bulls may begin to dominate the market.

Enjin Coin Price Prediction: Enjin Coin Price Could Reach $0.30 Level

The Enjin Coin price may cross above the 21-day moving average if it breaks toward the upper boundary of the channel, it could visit an important resistance at $0.32. However, a successful break above this level could open another increase above the channel. The price is likely to rise to touch the resistance level of $0.35, $0.37, and $0.39 resistance levels in the next positive direction.

Meanwhile, as the 9-day moving average moves to cross above the 21-day moving average, the market may break to the upside to create additional gains but any bearish movement to the downside may cause the coin to cross below the lower boundary of the channel, and should this come to focus, ENJ/USD could touch the nearest support at $22 support. The next major support is below the channel, where the bulls are likely to take a strong stand but any further losses could lead the price towards the $0.21, $0.19, and $0.17 support levels.

ENJ/BTC May Begin the Upward Movement

Against Bitcoin, the Enjin Coin price is now moving above the 9-day moving average as the market keeps changing trends; It is necessary for the cross above the 21-day moving average before heading to the upper boundary of the channel.

However, if the price breaks above the 21-day moving average, bulls might push the market to the nearest resistance level of 850 SAT. Moreover, if the price stays above this level, traders may expect an immediate resistance at 900 SAT and above. On the other hand, crossing below the lower boundary may locate the support level at 600 SAT and below.

Enjin Alternatives

The Enjin price is trading around the $0.28 resistance level but the coin remains within the 9-day and 21-day moving averages. However, if the bulls push the market price above the 21-day moving average, the nearest resistance could be located around $0.30. Moreover, if the market increases, additional resistance can be found above the upper boundary of the channel.

However, despite the prevailing bullish trend of the well-established Enjin coin, buyers should pay attention to the promising emergence of the Bitcoin Minetrix token in the crypto landscape. As a new entrant, Bitcoin Minetrix has swiftly raised an impressive $4.3 million during its presale, showcasing robust early investor support. This substantial backing at the early stages indicates that Bitcoin Minetrix holds the potential to surpass more seasoned tokens in the market. Stay tuned for the exciting journey ahead with Bitcoin Minetrix!

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• Source: https://insidebitcoins.com/news/enjin-coin-price-prediction-for-today-november-25-enj-technical-analysis