Enjin Coin Gained 13.07% in Last Month and is Predicted to Reach $ 0.516766 By Mar 03, 2023
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Enjin Coin is down -5.54% today against the US Dollar
- ENJ/BTC decreased by -5.35% today
- ENJ/ETH decreased by -4.62% today
- Enjin Coin is currently trading 8.76% below our prediction on Mar 03, 2023
- Enjin Coin gained 13.07% in the last month and is down -66.96% since 1 year ago
Enjin Coin price | $ 0.471485 |
Enjin Coin prediction | $ 0.516766 (9.60%) |
Sentiment | Bearish |
Fear & Greed index | 51 (Neutral) |
Key support levels | $ 0.452817, $ 0.435963, $ 0.412066 |
Key resistance levels | $ 0.493568, $ 0.517465, $ 0.534318 |
ENJ price is expected to rise by 9.60% in the next 5 days according to our Enjin Coin price prediction
Enjin Coin price today is trading at $ 0.471485 after losing -5.54% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.75% in the same time period. ENJ performed poorly against BTC today and recorded a -5.35% loss against the world’s largest cryptocurrency.
According to our Enjin Coin price prediction, ENJ is expected to reach a price of $ 0.516766 by Mar 03, 2023. This would represent a 9.60% price increase for ENJ in the next 5 days.
ENJ Price Prediction Chart
What has been going on with Enjin Coin in the last 30 days
Enjin Coin has been displaying a positive trend recently, as the coin gained 13.07% in the last 30-days. The medium-term trend for Enjin Coin has been bullish, with ENJ increasing by 51.00% in the last 3 months. The long-term picture for Enjin Coin has been negative, as ENJ is currently displaying a -66.96% 1-year price change. On this day last year, ENJ was trading at $ 1.43.
Enjin Coin reached its all-time high price on Nov 25, 2021, when the price of ENJ peaked at $ 4.84. The current ENJ cycle high is $ 0.564815, while the cycle low is at $ 0.231208. ENJ has been displaying low volatility recently – the 1-month volatility of the coin is at 6.35. Enjin Coin recorded 17 green days in the last 30 days.
Enjin Coin technical analysis for today - Feb 26, 2023
The sentiment in the Enjin Coin markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.452817, $ 0.435963 and $ 0.412066, while $ 0.493568, $ 0.517465 and $ 0.534318 are the key resistance levels.
Bearish sentiment for Enjin Coin
9 indicators are currently signaling a bullish prediction for Enjin Coin, while 20 indicators are showing a bearish forecast. With 69% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for Enjin Coin.
Crypto market is currently experiencing Neutral
Currently, the Fear & Greed index is at 51 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
Enjin Coin moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Enjin Coin is positioned in the market right now.
Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
MA3 | $ 0.504147 (SELL) | $ 0.469671 (BUY) | - | - |
MA5 | $ 0.500250 (SELL) | $ 0.489276 (SELL) | - | - |
MA10 | $ 0.493619 (SELL) | $ 0.492994 (SELL) | - | - |
MA21 | $ 0.477115 (SELL) | $ 0.479590 (SELL) | $ 0.378584 (BUY) | $ 0.426537 (BUY) |
MA50 | $ 0.428118 (BUY) | $ 0.436800 (BUY) | $ 0.633333 (SELL) | $ 0.661465 (SELL) |
MA100 | $ 0.355016 (BUY) | $ 0.409861 (BUY) | $ 1.32 (SELL) | $ 0.863252 (SELL) |
MA200 | $ 0.418349 (BUY) | $ 0.484572 (SELL) | $ 0.770527 (SELL) | $ 0.809840 (SELL) |
Period | Value | Action |
RSI (14) | 54.16 | NEUTRAL |
Stoch RSI (14) | 59.08 | NEUTRAL |
Stochastic Fast (14) | 56.07 | NEUTRAL |
Commodity Channel Index (20) | 66.67 | NEUTRAL |
Average Directional Index (14) | 39.79 | SELL |
Awesome Oscillator (5, 34) | 0.05 | NEUTRAL |
Momentum (10) | 0.05 | NEUTRAL |
MACD (12, 26) | 0.00 | NEUTRAL |
Williams Percent Range (14) | -43.93 | NEUTRAL |
Ultimate Oscillator (7, 14, 28) | 51.47 | NEUTRAL |
VWMA (10) | 0.51 | SELL |
Hull Moving Average (9) | 0.53 | SELL |
Ichimoku Cloud B/L (9, 26, 52, 26) | 0.49 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Enjin Coin is at 54.16, suggesting that ENJ is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Enjin Coin over the last 50 days. Currently, Enjin Coin is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ENJ closing price for the last 200 days. ENJ is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this Enjin Coin prediction
After considering the above factors, we can conclude that the current forecast for Enjin Coin price prediction is Bearish. ENJ would have to increase by 9.60% to hit our $ 0.516766 target within the next five days. Moving forward, it will be important to monitor the ENJ market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Enjin Coin price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.