您现在的位置是:Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term? >>正文
Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term?
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛4418人已围观
简介Metaverse and blockchain gaming tokens are starting to come out of the crypto winter. Enjin Coin (EN...
Metaverse and blockchain gaming tokens are starting to come out of the crypto winter. Enjin Coin (ENJ)for example is rallying albeit slightly. The upward trajectory has largely been fueled by dip-buying investors and improving sentiment in the market. But will this translate into a sustained bullish rally? Here are some highlights:
At press time, ENJ was trading at $1.63, up nearly 30% from its weekly lows the last 7 days
The token is still however trading lower than its 25- and 50-day moving averages, showing bear pressure is still on.
Analysts expect the coin to reverse the gains over the last 3 days and drop towards $1.2 before finding enough support for a decent rally.
Data Source: Tradingview.com
Enjin Coin (ENJ) – Price prediction and analysis
Most metaverse and blockchain gaming tokens have shown some strength this week. The broader market is also recovering. But the indicators for Enjin Coin (ENJ) are still pointing downwards.
First, the coin is still below the 25- and 50-day moving averages even though it is trying to rise above that threshold. We do not see enough bullish momentum to keep ENJ above water.
In fact, the most likely scenario is that recent gains will reverse, with bears pushing the coin towards $1.2. From there, Enjin Coin (ENJ) will look to consolidate and find enough bullish support for a rally.
Why should you buy Enjin Coin (ENJ)?
The metaverse is going to be big, and there are a lot of big-name companies that are putting a lot of dollars in this area. For this reason, metaverse-related tokens like Enjin Coin (ENJ) are expected to see immense growth in value. The token is simply ideal for the long-term investor who wants to buy and hold it for at least a year.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/29494.html
相关文章
Ripple erased all the gains following the July federal court ruling. Dynamic resistance held.
Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term?Ripple erased all the gains following the July federal court rulingDynamic resistance heldAll eyes a...
阅读更多
Crypto's correlation with stocks rising again following temporary deviation
Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term?Key TakeawaysCrypto had moved in line with stocks and other risk assets throughout the interest rate...
阅读更多
Introducing TON Space – Self
Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term?Dubai, United Arab Emirates, August 9th, 2023, ChainwireWallet, the TON-based application in Telegra...
阅读更多
热门文章
最新文章
Huawei: China ditches US supply in latest attempt to narrow tech
Brandt says Bitcoin to hit $13k before setting a new all
How coal power plants can go green with Carnot batteries
TON surges by 10% despite the broader market’s bearish run
Judge dismisses class action lawsuit against Uniswap
'Nuclear medicine': UK startup's fusion reactor could treat cancer