Enjin token has broken past swing highs and displayed a trend reversal sign as market leader bitcoin manages the $20K area as a support level.

Enjin, the leading ecosystem for non-fungible tokens (NFTs), has teamed up with MindArk to launch the “Eggs of Entropia”, completing a technical test for NFT.io, ...

Enjin Coin, a project of Enjin that provides an ecosystem of interconnected, blockchain-based gaming products, witnessed significant volatility in the past few months. Despite suffering constant losses in this bear market, the ENJ team continued to develop and improve upon their technology.

oog Enjin Coin fell from its all-time high level after making a head and shoulder pattern in a 4-hours time frame. Volume is down by 21.75% drastically in a 24-hours trading session. ENJ/BTC pair is trading positive by 0.23% at 0.00005568 BTC.

As an ERC-20 compatible token, Enjin, a cryptocurrency introduced by the Enjin corporation, may be transmitted and received using an Ethereum wallet.

Enjin Coin (ENJ) is showing decisive signs of a bullish reversal but has yet to break out from its short-term structure.

Since May 16, Enjin Coin (ENJ) has been in the process of creating a bullish pattern that has been combined with bullish divergence in the RSI.

Bruised throughout April, Enjin Coin (ENJ) finally halted the streak of red candles while finding testing grounds at the $1.054-mark. The down-channel dive led the altcoin below critical points but obliged its immediate trendline resistance (yellow).

With the promise of providing users with a simple way to manage their NFTs and cryptocurrency portfolios, Enjin claims to be building a product ecosystem directed at assisting humanity to create advanced virtual economies by leveraging the power of blockchain technology.

Since August 13, the Enjin price has trended downwards. However, it wasn’t until the next day that the current aggressive push to the downside started.

Enjin Coin (ENJ) traded down 4% against the dollar during the 1 day period ending at 0:00 AM Eastern on May 6th. During the last week, Enjin Coin has traded 14.8%...

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Enjin token has been trading in a descending parallel channel for the past several days, meanwhile, the bulls are aiming to break the resistance level.

The ENJ price has been facing a downtrend since the end of March.

Enjin price got trapped inside the consolidation phase over the daily price chart. ENJ coin must escape the consolidation phase to soar from the lower levels. By receiving support from bulls, the token is aiming to emerge from the consolidation zone. ENJ coin needs to draw in more buyers in order to leave the consolidation phase. ENJ bulls must come forward to provide support to the token and let ENJ soar out of the consolidation phase. ENJ coin price must escape the pattern by avoiding getting trapped inside the short-sellers’ clutch.

Enjin Coin (ENJ) could be nearing the bottom of its short-term correction, after which the breakout that began in Jan could continue.

Enjin Coin [ENJ] has been able to grab the attention of Ethereum [ETH] whales considering the accumulation levels in the last few days. While there had been no significant development around the ERC-115 token, it seemed to have excelled in this regard.

The Enjin Coin price has made some recovery in the past few days as cryptocurrencies stage an uneasy recovery. ENJ token is trading at $0.7270, which is about 58% above the lowest level last week. It has crashed by more than 80% from its all-time high, bringing its total market cap of more than $676 million.

Blockchain technology has given a new model for global finance as well as a bedrock for the evolution of entertainment. However, as of March 2022, there were more than 18,000 cryptocurrencies, and in January 2022, close to over 500 blockchain games existed. Other figures cannot be ascertained yet like the number of launchpads, independent projects with separate blockchain networks, and more.

The Enjin ecosystem has tremendous promise for non-fungible tokens and blockchain gaming. Now is a good time to evaluate how the ecosystem is doing in the grand scheme of things. As Enjin Coin approaches 500,000 users, the next milestone is within reach.