Enjin Price Prediction: ENJ Hits New All-Time High

ENJIN Price Prediction: ENJ Hits New All-Time High
  • Enjin reached a new all-time high of $1.23.
  • Bearish ENJ price prediction for 2021 is $0.18.
  • ENJ price may also reach $2 if it exceeds $1.76 soon.

Today, the blockchain gaming coin Enjin Coin took to the skies and reached a new all-time high of $1.23, according to CoinGecko.

In terms of market position, the market capitalization of ENJ amounts to almost $921 million. Furthermore, ENJ has an average daily trading volume of over $1.33 million. For interested crypto traders, the crypto trades at exchanges such as Binance, ZG.com, CoinTiger, VCC Exchange, Upbit. etc.

Moreover, with these recent developments, is ENJ a good investment in 2021? Let’s find out in this ENJ price analysis 2021 article.

Enjin (ENJ) Price Analysis

The below chart shows the Simple Moving Average (SMA), Exponential Moving Average (EMA), and Relative Search Index (RSI) of Enjin (ENJ).

ENJ/USDT price chart with SMA, EMA & RSI (Source: TradingView)

AVAX has shown a great performance in the past few days despite the wild market swings of the crypto world. Also, the graph displays the price of surge of the cryptocurrency to over +238% in the past weeks. 

Meanwhile, the relative strength index (RSI) of the ENJ is already at its overbought state. For this reason, traders must be careful because ENJ might trigger a price reversal any time, as shown in this Enjin price prediction.

According to CoinGecko, the ENJ price is $1.11, at the time of writing.

ENJ/USDT Price Chart (Source: TradingView)
  • Resistance Level 1 – $1.35
  • Resistance Level 2 – $1.76
  • Support Level 1 – $0.45
  • Support Level 2 – $0.18

The above chart shows the impressive performance of ENJ in the last few days. ENJ is showing a bullish trend. However, if the trend continues, ENJ will run along with the bulls, overtaking its $1.35 resistance level and climb higher to $1.76.

If the bullish trend continues, the ENJ can surge over it’s all-time high (ATH) price of $1.23. In contrast, if the investors turn against the cryptocurrency, the bears might take over. More so, the ENJ price might plummet to almost $0.45, a bearish signal.

Enjin (ENJ) Price Prediction 2021

Nevertheless, if the crypto bull run continues, ENJ may exceed prior expectations. If it reaches the Fib level at $1.76, it may even challenge the $2 psychological barrier. However, this may only happen in the latter part of the year if the crypto market maintanis its rally.

In summary, bullish Enjin price prediction is $1.76, and may even reach $2 later in 2021. On the other hand, the bearish Fantom price prediction is $0.18.

Recently, Enjin along with Metaverseme combined non-fungible tokens with augmented reality with the goal of enhancing the gaming experience of users. Aside from their goal, the currency Enjin Coin is the first gaming crypto to be approved by the Japan Virtual Currency Exchange Association (JVCEA).

Disclaimer: The opinion expressed in this chart solely the authors. It is not interpreted as investment advice.

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