ENJ Technical Analysis: Bulls Toil To Keep Prices Above $1.5

ENJ coin price floats above $1.5 with a bullish engulfing candlestick, but the returning sellers bring higher price rejection. Will sellers retake $1.5? Key technical points: ENJ prices have increased by 3.65% in the past 24 hours. In addition, the price falls below the 50-day EMA. Finally, the 24-hour trading volume of Enjin is $346 Million, marking a 97% rise. Past Performance of ENJ ENJ coin price action shows a bullish recovery of 46% within three weeks ranging from $1.28 to $1.85. The rally surpasses the 50 and 100-day EMA in the daily chart but fails to exceed the 200-day EMA. The sellers at the crucial EMA overtake trend control resulting in a downfall below all the EMAs and reaching the $1.5 mark. Source-Tradingview ENJ Technical Analysis ENJ coin price action shows a bullish fightback near the $1.5 mark resulting in a 6.77% engulfing candlestick. However, the daily candle shows a higher price rejection reflecting the increased chances of the $1.5 breakout. The EMAs maintain a bearish alignment as the price fail to surpass the crucial EMAs and falls under them. Hence, the essential daily EMAs regain their resistance status. RSI Indicator: The RSI slope showcased sustenance above the halfway mark with the support of the 14-day average. However, the sudden bearish spike cuts into the nearly oversold zone and reflects a boom in selling pressure. MACD Indicator: The MACD and signal lines give a bearish crossover and start ...