ENJ Technical Analysis: rounding bottom pattern leads ENJ price to $2.16

ENJ coin prices action shows a steady recovery rally charging towards $2.16 resistance; can buyers sustain the rising momentum? Key technical points: ENJ chart shows 20-and-50-day are on the verge of a bullish crossover The ENJ/USDT pair appreciated nearly 44% in the last two weeks Finally, the 24-hour trading volume of the Enjin coin is $242.1 Million, marking a 12.3% rise. Past Performance of ENJ On March 16th, the ENJ coin price rebounded from the $1.2 support with a long bullish engulfing candle and breached a dynamic resistance trendline. The post-retest rally pushed the price above $1.64 local resistance and bolstered another leg-up for long traders. The meta coin current exchanges hands at $1.85, indicating a $44.31 gain from the bottom support. Source-Tradingview ENJ Technical Analysis ENJ price is gradually rising under the influence of a rounding bottom pattern. However, before the coin price reached the $2.1 neckline resistance, the buyers would struggle at the confluence of intense resistance levels such as $2 psychological levels, 200- day EMA, and 0.236 Fibonacci retracement levels. The recovery rally has retrieved the 20, 50, and 100-day EMA line and calmly approaches the 200-day EMA. As said, the 200-day EMA would assist sellers in strengthening the defense at the $2 mark. On the other hand, the potential crossover among the 20 and 50 EMA would encourage the ongoing rally to breach overhead resistance. RSI Indi...