Enigma Price Analysis: ENG breaks 1st Resistance level: Next target is $0.54

The coin is trading green for the last few days and is moving up with a change of +19.91% in 24 hours. ENG has broken its first resistance level of $0.51 and aims to break its next resistance level as well. If the coin succeeds to maintain its bullish performance in the next few days, then it will soon achieve its milestone.

Enigma Events

An event of Enigma related to Networked Testnet Deployment will be held on 31st December 2019 in which enigma team will make the announcement of their timeline:

Announcement of our timeline for networked testnet deployment — December 2019

Statistical Data

  • The market cap of the coin is standing at $38,595,076 USD out of whole market capitalization of cryptocurrency.
  • 24 hour volume of token is $2,639,282 USD.
  • Circulating supply of the coin is 74,836,171 ENG while the total supply is 150,000,000 ENG.

ENG Price Value

At the time of writing, the price value of the coin is trading at $0.515676 USD with a change of 19.91% in 24 hours.

One-month Price Comparison

According to the last one-month price comparison of Enigma, the trend line of the coin has moved in the upward direction making its way into the bullish zone. The price of the coin has been ranging between $0.27 and $0.30 for a period of 18 days. The value of the token was trading at $0.28 on 16th Nov 2019. But from this point onward, the coin has flowed in the upward direction and has reached the point of $0.50 on 27th Nov 2019.  The value of the coin has moved up by +70.91% within the duration of the last 11 days.

The one-month price comparison chart of the coin is shown below:

Enigma Price Prediction:

The value of the coin has started flowing with bullish behavior for the last two weeks and has maintained its position in the greenish zone. After studying all the support levels and on the basis of our analysis, we may say that coin might break its second resistance level in the upcoming days.

Conclusion

Enigma is currently trading with strong bullish behavior with a positive change in 24 hours. Its recent performance shows that it will remain in the bullish zone in the next few days.

Hassan Mehmood

Hassan is currently working as a news reporter for Tokenhell. He is a professional content writer with 2 years of experience. He has got a degree in journalism.

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