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$ENJ (Enjin Coin) Technical Analysis: Sharp Surge & Technical Correction 🚀
Entry Zone: $0.0350 – $0.0380
Bullish Above: $0.0430
Target 1 (TP1): $0.0450
Target 2 (TP2): $0.0500
Target 3 (TP3): $0.0550+
Stop Loss (SL): $0.0330
$ENJ is currently experiencing high volatility on the 1H chart, trading at $0.03933 with a substantial +23.60% daily gain. The price action is characterized by a massive vertical breakout that peaked at a 24h high of $0.05382, followed by a sharp retracement as traders took profits. The asset is now attempting to establish a new support base around the $0.0390 level.
The 24h trading volume has exploded to 1.04B ENJ, totaling approximately $41.88M USDT. This surge in volume confirms that Enjin is back on the radar for gaming and NFT sector enthusiasts. To regain its bullish momentum, $ENJ needs to consolidate and clear the $0.0410 resistance; failure to hold current levels could lead to a deeper retest of the $0.0350 zone.
#ENJ #Enjin #GateLaunchesPreIPOS