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CryptocurrencyPrice Analysis

Enjin coin is on the way towards $0.09: what are the next targets?

Enjin coin is roaring in the cryptocurrency markets with a 10% change in the past 24 hours according to the data of coinmarketcap. The major coins including Bitcoin are showing a slightly down pattern but Enjin token is going up.

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The 3-hours chart of the ENJ token given below is showing that it surged by almost 13.23% in one day which is a greater achievement on the part of the coin. On Dec.7, the trend was hovering at $0.10 but it did not sustain itself for a longer time. The selling pressure in the markets pulls it down and it was showing red candles from consistent 4-days.

But today, it again began to soar and the move with a 10% change in the upward direction is seen.

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Enjin Price Value

The price value of the Enjin coin is currently standing at $0.08 with a 10% positive change in the previous 244-hours. The ROI value of the token is 228.68% and standing at rank 68.

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Enjin Coin Statistics

Market Cap: $62,714,418 USD

24-hours Volume: $24,130,031 USD

Circulating Supply: 784,964,643 ENJ

Total Supply: 1,000,000,000 ENJ

Enjin Price Comparison

The weekly data shows that value moved upward as it was standing at $0.06 on Dec.4 but now, it is hanging at $0.08. We can say that it has performed well, not outstanding, in the past week.

The monthly behavior is also similar to weekly behavior as the same change occurred from $0.06 to $0.08. The value was hanging at $0.06 on Nov.12 which top the level of $0.10 but again went down and currently, moving around $0.08.

Enjin Price Prediction

The current position of the coin is also acting as a resistance level according to the technical analysis, which is $0.08.In the case of resistance breakage, the next resistance will hedge the path at 0.9 which, however, is not strong resistance.

Enjin News and Events

The Engin network has recently collaborated with Microsoft to launch a blockchain project. According to Microsoft:

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Microsoft and Enjin have collaborated in a local pilot to create a blockchain based recognition programme. The Azure Heroes badgers were created in a number of original and unique designs which have been tokenised into a digital asset on the Ethereum public blockchain.

 

Conclusion

The coin is outshining all major coins of the markets in the short term rally. The current resistance at 0.08 is hedging the trend line and stopping its way upward. If it is able to cross the hedge then the next target is $0.09.

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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 a degree in journalism.

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