Enjin Coin Experiences Bullish Uptrend
Enjin Coin's Bullish Momentum
Enjin Coin (ENJ) is currently experiencing a notable uptrend, with its price surging above the $0.3905 mark, reaching a peak of $0.4266. This cryptocurrency is demonstrating a strong bullish signal, having established robust support at $0.3567. Despite previous bearish control, the market has shifted in favor of the bulls, driving the price upward.
Key Resistance and Support Levels
The ENJ/USD pair is currently consolidating between $0.3726 and $0.3905. Bulls are focusing on surpassing this resistance level, aiming to reach the next significant resistance at $0.4266. The pattern forming on the daily chart suggests a potential breakout if the bullish momentum sustains.
Potential for Future Growth
The emerging cup and handle pattern indicates the possibility of further bullish activity. If buyers continue to push the price above $0.3905, it could pave the way for a move towards $0.4 in the near future. The strong bullish momentum suggests that Enjin Coin could achieve higher price levels, presenting potential growth opportunities for investors.
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