ENJ price chart shows a bullish reversal from $0.57, gaining trend momentum above the resistance trendline, increasing the chances of the bull run to $1. Key technical points: The ENJ market value increased by 5.79% in the last 24 hours. The bull reversal faces higher price rejection near the resistance trendline. The 24-hour trading volume of Enjin is $94.79 Million, indicating a hike of 151%. Past Performance of ENJ ENJ prices showcase a bullish reversal from the $0.57 support level after a 70% in the last two months under the highly influential bearish trendline. The trendline kept pushing multiple bullish attempts until the recent double bottom pattern from $0.57 overpowered the supply pressure with a 9% engulfing candle. Source- Tradingview ENJ Technical Analysis The increase in intraday trading volume supports the breakout candle and increases the likelihood of a bull run to $1. However, the possibility of a reversal to retest the broken trendline can shake out early buyers. The Stochastic RSI shows an early bullish crossover in the neutral territory, projecting a trend reversal. Furthermore, the bullish divergence in the RSI indicator led to the bullish breakout, increasing the likelihood of an uptrend continuation. The MACD indicator displays a bullish uptrend in the MACD histograms as the fast and slow lines approach the zero line. Hence, the technical indicators project a highly bullish trend in motion. In a nutshell...
