Enjin Coin (ENJ), which is among the popular coins of the Metaverse, added activity to the sector with its upward movements.
Enjin Coin (ENJ), a prominent coin in the Metaverse realm, has energized the sector with its upward trends.
The Metaverse, which once had a craze, has come into the spotlight again due to price movements of ENJ. ENJ, which successfully surged to $0.35 from $0.24, has put a potential Metaverse frenzy back on the table.
Moreover, with a 26.91 percent increase in the last four days, ENJ emerged as one of the highest-gaining coins of the day. Will the upward trends on the ENJ side continue? What prices should Metaverse enthusiasts monitor for ENJ?
Enjin Coin (ENJ) Chart Evaluation
ENJ, after making a short-term bullish run at $0.268, managed to break through resistance levels and initial price points in various timeframes, only to face a setback at $0.35. This popular Metaverse coin, after a slight pullback, is currently being traded at around $0.33. To maintain the current enthusiasm within the Metaverse space, ENJ must overcome the following levels: $0.35, $0.369, and $0.387. Sustained trading above these levels could create a favorable atmosphere for the short term.
However, factors such as a depreciation in BTC, negative news from the ENJ ecosystem, or the Metaverse universe could disrupt the price stability. In such scenarios, the key support points to monitor for ENJ would be at $0.32, $0.292, $0.268, and the annual opening price, respectively. When looking at shorter timeframes, the fact that the $0.268 level can be maintained is of significant importance.