Get started

ENJUSDT

Enjin Coin (ENJ) Analysis & Long-Term Investment Outlook!Current Market Overview Current Price: ~$0.15 24H Range: $0.1389 - $0.1515 Volume: 16.37M All-Time High (ATH): $4.5 (achieved in 2021) Recent Trend: Bearish correction but approaching a key accumulation zone Technical Analysis 1. Discount Zone & Accumulation Opportunity The chart shows that ENJ is trading near its discount zone, an area where institutional and long-term investors look to accumulate before a potential reversal. This zone is typically considered undervalued, offering a strategic entry point. 2. Price Structure & Smart Money Concepts Break of Structure (BOS): Multiple BOS signals indicate a strong bearish trend, but price is nearing a potential support level. Change of Character (ChOCH): Some ChOCH signals suggest that the downtrend may be weakening, hinting at possible accumulation. Equilibrium & Premium Zones: The price is far below the equilibrium and premium zones, reinforcing that it is at a historical discount for accumulation. 3. Moving Averages & Watson Envelope The Watson Envelope (blue and red bands) suggests that price is near the lower bound, indicating a mean reversion could soon occur, leading to a potential bounce. Fundamental Analysis & Catalysts 1. Enjin’s Utility & Real-World Adoption Enjin Coin powers a blockchain gaming and NFT ecosystem, allowing developers to integrate digital assets into games, metaverse platforms, and virtual economies. Its real-world use case makes it attractive for long-term adoption. 2. Binance Supporting Network Upgrade (Positive News) Binance has backed an Enjin Coin network upgrade (September 2024), signaling continuous development and network improvements. This upgrade improves Enjin’s scalability, security, and NFT ecosystem, strengthening its long-term utility. Binance’s support ensures liquidity and investor confidence. 3. Coinbase Delisting (Negative Impact in 2024) In June 2024, Coinbase delisted ENJ, causing a short-term decline in liquidity and investor sentiment. However, delisting from a single exchange does not impact the coin’s fundamental value. Investment Potential & Price Prediction Short-Term: Possible consolidation in the $0.12 - $0.18 range before a breakout. Medium-Term (6-12 months): If accumulation holds, ENJ could target $0.30 - $0.50, testing previous resistance levels. Long-Term (2+ years): If Enjin’s adoption continues and the crypto market recovers, a return to $1 - $2 is feasible, with ATH of $4.5 as a long-term target. Investor Takeaway ✅ Bullish Factors ✔️ Trading at a discount near historical accumulation zones ✔️ Binance supporting network upgrade (strong ecosystem development) ✔️ Real-world use case in gaming & NFT sector ✔️ Market sentiment could shift as crypto recovers ❌ Bearish Risks ⚠️ Still in a downtrend, needs confirmation of trend reversal ⚠️ Coinbase delisting may impact liquidity & exposure Final Thoughts Enjin Coin is currently at a key accumulation level that offers an attractive opportunity for long-term investors. With strong fundamentals, upcoming network improvements, and historical price performance, ENJ has the potential to reclaim higher levels, possibly targeting $1+ in the next cycle. If you’re looking for a high-risk, high-reward opportunity, this could be a great entry point. However, investors should watch for trend confirmation before going all in. 🚀
Long
by PROFITPULSE10X
3
ENJ Breakdown! Will It Crash to New Lows? The price of ENJ has been in a consistent downtrend, as indicated by the descending trendline, with lower highs and lower lows forming. Several key support and resistance zones are marked on the chart. Currently, the price is retesting the purple resistance zone at $0.1584–$0.1512 after a breakdown from this level. If the price continues to decline, it could test the yellow support zone at $0.1372–$0.1294. A successful reclaim of the descending trendline and a move above the purple zone could signal a potential reversal.
Long
by TheCryptoCity
1
#ENJ (SPOT) entry ( 0.1500- 0.2150)T.(1.2000) SL(0.1476)BINANCE:ENJUSDT #ENJ / USDT Entry ( 0.1500- 0.2150) SL 1D close below 0.1476 T1 0.4300 T2 0.6600 T3 1.0000 T4 1.2000 ______________________________________________________________ Golden Advices. ******************** * collect the coin slowly in the entry range. * Please calculate your losses before the entry. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com ********************************************************************************************** #Manta #OMNI #DYM #AI #IO #XAI #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #VOXEL #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH #AST #PORTAL #CYBER #RIF #ENJ #ZIL #APT #GALA #STEEM #ONE #LINK #NTRN #COTI #RENDER #ICX #IMX #ALICE #PYR #PORTAL #GRT #GMT #IDEX #NEAR #ICP #ETH #QTUM #VET #QNT #API3 #BURGER #MOVR #SKL #BAND #ETHFI #SAND #IOTX #T #GTC #PDA #GMX #REZ #DUSK #BNX #SPELL #POWR #JOE #TIA #TFUEL #HOT #AVAX #WAXP #OGN #AXS #ENJ
Long
by Crypto_alphabit
TradeCityPro | ENJUSDT Analysis Christmas Holiday👋 Welcome to TradeCityPro Channel! Let’s analyze ENJ during the holiday season and identify triggers across different timeframes to make the most of market opportunities. Don't forget to check the Signature section at the end for updates! 😊 🌐 Overview Bitcoin Before diving into ENJ analysis, let’s look at Bitcoin. It broke the 95445 short-term support and is expected to move toward the 92722 support, where it might form a new structure. Key support levels for Bitcoin are 91K, 86K, and 81K, which hold significant importance. Additionally, Bitcoin dominance is also dropping, forming red candles during this decline. This means the market as a whole is correcting: Coins bullish against BTC are correcting less, Coins bearish against BTC are showing more red candles than Bitcoin itself. 📊 Weekly Timeframe ENJ hasn’t shown significant movement. After breaking its smaller box resistance, it entered the larger timeframe box, only to get rejected from the upper boundary and return to the entry point of its box. The 0.3743 resistance has become increasingly important. Once broken, it could signal a buy opportunity, preparing for a potential break of 0.6920. However, ensure the breakout is accompanied by increasing green candle volume and confirmation through RSI surpassing 83.90. If you are holding ENJ and looking to activate your stop loss to exit, it’s logical to sell after breaking 0.1256 and closing a weekly candle below it. Always take stop losses seriously and look for re-entry triggers later. 📈 Daily Timeframe After hitting the 0.3838 daily resistance, ENJ has formed lower highs and lows, returning to the 0.2116 support zone, which is crucial. This 0.2116 support holds significance due to Fibonacci alignment,Its position on the 50% level, indicating potential for a rebound if the trend weakens. Alternatively, breaking this support could lead to lower lows, bringing ENJ back into its weekly box. In this case, it might retest the 0.1854 and 0.1520 support levels. ⏱ 4-Hour Timeframe Market volume has significantly dropped, suggesting reduced trading activity during the holidays. This low 24-hour trading volume has led to irrational and unnecessary market fluctuations. 📈 Long Position Trigger After breaking 0.2483, a long position can be opened, but given the low market volume, trades should be executed with reduced risk. 📉 Short Position Trigger After breaking 0.2105, a short position can be considered. However, logical trading during these conditions involves small stop losses and focusing on risk-to-reward ratios while quickly taking profits. 💡 BTC Pair Insight Currently, ENJ isn’t performing well against Bitcoin. After showing some signs of life by testing the 0.000000374 resistance, it got rejected and returned to its support level. Keep in mind that breaking this resistance could finally bring ENJ some gains against Bitcoin, which would likely translate into USDT price increases during a bullish market. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
15
ENJ/USDT | Long-Term Technical Analysis on the Weekly TimeframeOverview: ENJ is currently trading within a well-defined descending channel (yellow trendlines), reflecting a long-term downtrend since its all-time high. This channel offers key insights into historical price action and potential future movements. After touching the bottom boundary multiple times, ENJ is showing signs of momentum for a potential breakout. Key Levels and Observations: 1. Descending Channel: • Price remains within the channel, bouncing between resistance (top) and support (bottom). • A breakout above the upper boundary would confirm a potential trend reversal. 2. Support and Resistance: • Support Levels: $0.22 (bottom of the channel) and $0.12 (critical historical low). • Resistance Levels: $0.34 (channel resistance) and $3.42 (major breakout target). 3. Volume Profile Analysis: • Significant volume buildup within the $0.22–$0.34 range suggests strong liquidity in this area, acting as a base for the next move. • A breakout could target higher-volume nodes at $1.30, $3.42, and beyond. 4. RSI Analysis: • RSI is recovering from oversold territory, currently sitting at 38.69, signaling growing bullish momentum but still with room for upside. 5. Projection: • A confirmed breakout above $0.34 targets $3.42, which aligns with historical resistance and key volume levels. • If momentum continues, higher targets could be achieved in the long term. Trade Setup (Potential Long Idea): • Entry: Consider entering after a confirmed breakout above $0.34 with strong volume. • Stop-Loss: Set below the recent swing low at $0.22 to limit downside risk. • Take-Profit Levels: • TP1: $1.30 (interim resistance). • TP2: $3.42 (major breakout target). • TP3: $4.79 (longer-term resistance). Risk Factors: • A failure to break the $0.34 resistance could lead to further consolidation within the channel. • Watch for rejection at key levels and decreasing volume during attempted breakouts. Conclusion: ENJ presents an exciting long-term opportunity with its structured channel and volume profile suggesting accumulation. A breakout above the key $0.34 resistance could trigger a significant trend reversal, offering targets up to $3.42 and beyond. Keep an eye on volume and RSI for confirmation of bullish momentum. What are your thoughts on this setup? Let’s discuss in the comments!
Long
by ImmortalEmerson
5
Enjin Coin +1400% ProfitInflation Analysis: Since nearly all tokens are already in circulation, the project has very low inflation, minimizing the risk of devaluation due to additional supply. Price Prediction for the 2025 Bull Run: Enjin Coin, as one of the leading projects in NFTs and blockchain gaming, has strong potential. With the growth of the metaverse and gaming-related projects, Enjin could secure a significant market share. In an optimistic scenario, ENJ's price could reach $3–$5.5 during the 2025 bull run. 🔗 Note: ENJ is a compelling option for investors interested in the NFT and metaverse ecosystems. 💎
Long
by aminsmithfx
A Golden Opportunity: Bullish Analysis of Enjin Coin (ENJ)🔥 Enjin Coin (ENJ) Analysis 🔥 Enjin Coin had a massive rally from March 2020 to November 2021, reaching its all-time high at $4.8. After that, it entered a correction phase and found its bottom at $0.12 in July 2024, marking the end of its decline. Now, ENJ has started moving upward again and appears to be in Wave 1 of a potential 5-wave bullish structure. 🔑 Key Resistances to Watch: 1️⃣ Dynamic trendline resistance: Breaking this will be the first confirmation of a bullish move. 2️⃣ Static resistance at $0.42: A breakout above this level could provide a safer entry. 🎯 Targets: Target 1: $2 (~350% profit) Target 2: $12 (~1700% profit) 📌 Summary: If ENJ successfully breaks through these key levels, a massive bullish rally may be ahead. Keep an eye on these resistances to seize this exciting opportunity! 🚀
Long
by arzdigitalistha
2
#ENJ (SPOT) entry range( 0.1390- 0.1690) T.(0.3380) SL(0.1272)BINANCE:ENJUSDT entry range ( 0.1390- 0.1690) Target1 (0.2599) - Target2 (0.3380) 1 Extra Targets(optional) in chart, if you like to continue in the trade with making stoploss very high. SL .1D close below (0.1272) *** collect the coin slowly in the entry range *** *** No FOMO - No Rush , it is a long journey *** **** #Manta ,#OMNI, #DYM, #AI, #IO, #XAI , #ACE #NFP #RAD #WLD #ORDI #BLUR #SUI #Voxel #AEVO #VITE #APE #RDNT #FLUX #NMR #VANRY #TRB #HBAR #DGB #XEC #ERN #ALT #IO #ACA #HIVE #ASTR #ARDR #PIXEL #LTO #AERGO #SCRT #ATA #HOOK #FLOW #KSM #HFT #MINA #DATA #SC #JOE #RDNT #IQ #CFX #BICO #CTSI #KMD #FXS #DEGO #FORTH # AST #PORTAL #CYBER #CLV #RIF ENJ ****
Long
by Crypto_alphabit
2
DreamAnalysis | Key Triggers for ENJ Futures and Spot Trading✨ Welcome to today’s analysis! In this session, I will analyze Enjin Coin (ENJ) and review its key triggers in both futures and spot markets. The entire crypto market is currently in a significant zone, and how the price reacts here could set the direction for the coming months. 🧩 About ENJ and Its Role in Crypto Gaming If you’ve been involved in crypto gaming, you’ve likely heard of ENJ (Enjin Coin), but you might not know exactly what role it plays. Every game is built using a game engine, such as Frostbite or Unreal Engine, used in major games. However, these engines are complex and expensive, which makes them impractical for crypto projects. ✨ Enjin Coin provides a simpler, blockchain-specific game engine, which is why it has become one of the top projects in this space. It has even partnered with notable names like CoinMarketCap, Binance, and Atari. 🔍 Now that we know what Enjin Coin brings to the crypto space, let’s dive into the chart and explore important triggers. The analysis is conducted in the daily and 4-hour timeframes. 📅 Daily Timeframe Analysis On the daily chart, ENJ has been in a downtrend from its $0.6556 high, falling to the $0.13 support level. It has since entered a range-bound phase, moving between $0.13 and $0.1778 for the past two months. A confirmation of an uptrend could be seen if the price stabilizes above $0.1778, with RSI needing to break through 59.61 and market buying volume increasing to confirm bullish momentum. 📈 If the price breaks through $0.1778 or $0.2054, it would be a good opportunity for spot buying. Targets for this move would be $0.2645, $0.4098, and $0.6556. 📉 On the downside, if $0.13 support breaks (likely coinciding with RSI falling below 42.48), it’s advisable to activate stop-losses if you already hold ENJ. The next support below would be at $0.0921. ⏳ 4-Hour Timeframe Analysis In the 4-hour timeframe, ENJ is stuck in a long consolidation range, which limits the effectiveness of momentum indicators like RSI, so I won’t use it here. 🔼 The price recently broke above $0.1543 and is now pulling back towards this level. If the upward move continues, the next target would be $0.1658, with the final target at the top of the range near $0.1823. If you don’t have a position open, consider entering a long trade on a break above $0.1658. What’s encouraging here is that volume is increasing, signaling strength in the bullish move. 🔽 For a short position, a break below $0.1398 would be a suitable entry point. If the price confirms and holds below this zone, we could see a move toward the $0.13 support. The main short position would be triggered after a break below $0.13. 📝 Overall, I currently see a bullish momentum in the market for futures and prefer opening long positions. ❌Disclaimer This is not financial advice; it is merely my personal opinion on how the coin might move. Always conduct your own research before making any decisions.
Long
by DreamAnalysis
ENJ Price Action: Will the Momentum Hold Above Support? ENJ is currently trading around $0.1697. From March the price of ENJ is in a downtrend, after rejection from the resistance zone marked with Purple at $0.6617 to $0.6850. Now the price has broken out from the descending trendline and the resistance zone marked with Grey at $0.1512 to $0.1584, now this zone has become a support zone. The next target for the price is the resistance zone marked with Green at $0.2037 to $0.2108, if the momentum continues the price could reach the next zones marked on the chart. The price might retest the support zone Grey and the descending trendline, if this area fails to hold the price it might fall to the next support zone marked with Yellow at $0.1294 to $0.1372.
Long
by TheCryptoCity
2