Enjin Coin Price Prediction: ENJ to rally 24%, takes another jab at crucial resistance barrier
-
Summary:
Enjin Coin price is at an inflection point, a swift move above which could propel it by 25%. On-chain indicators support a move higher for ENJ. A breakdown of the support level at $1.412 will invalidate the bullish scenario.
Enjin Coin price shows a higher possibility of an uptrend that could test a critical supply barrier. On-chain metrics add a tailwind to this scenario, hinting that ENJ is primed for a swing high.
Enjin Coin price is currently trading at $1.602 after facing rejection at a minor resistance level at $1.693. If the buyers slice through this barrier, ENJ will likely rally 25% into the supply zone that extends from $1.922 to $2.234.
Enjin Coin price will likely create a third equal high at $2.01.
ENJ/USDT 4-hour chart
Supporting this move higher is the accumulatio ...