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Enjin Coin (ENJ) news

Enjin Coin needs to flip this area to push higher!

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Enjin Coin needs to flip this area to push higher.

Enjin Coin has been bullish for the latter half of March, but the recent sell-off saw a deep retracement. Can ENJ recover? The lower timeframe charts such as 1-hour presented a bearish picture. The price has broken below the $1.7 mark, and up ahead is a heavy band of resistance from $1.75 to $1.86. Data from Messari showed that trading volume was not very high when the price dropped toward $1.5, however, the subsequent bounce in the past couple of days has seen very high trading volume.
Conclusion
There was strong resistance just above $1.75 for Enjin Coin bulls to beat. The momentum was bullish and there was some steady demand behind the rally. Caution was advisable, as a move past $1.75 and its retest as demand could be a less risky buying opportunity than buying it beneath the $1.75 resistance.

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Mila

Mila doesn’t only cover Blockchain and crypto, but she does focus the bulk of her writing efforts on this emerging technology and how it is impacting not just US markets, but global markets too. From the British Virgin Islands to China, her reporting leaves no global crypto stone unturned. Her tenacity and candid opinions on the impacts of crypto and Blockchain have made her a leading voice in the industry and a top source of truth to the curious masses.

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