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Enigma (ENG) Receives a Bearish Rating Monday: Is it Time to Jump Ship?

Monday, January 31, 2022 09:40 AM | InvestorsObserver Analysts
Enigma (ENG) Receives a Bearish Rating Monday: Is it Time to Jump Ship?

Enigma (ENG) gets a bearish rating from InvestorsObserver Monday. The crypto is down 27.53% to $0.02946994087 while the broader crypto market is down 1.24%.

Sentiment Score - ,
Enigma has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Enigma!

Bearish

Over the last five days, Enigma has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Enigma over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Enigma is currently trading near its five-day low of $0.0237339232116938. The crypto is 40.47% off its five-day high and is 24.17% higher than its five-day low of $0.0237339232116938.

Enigma price is currently below support. With support set around $0.0296713249840305 and resistance at $0.0482874127187297, Enigma is potentially in volatile territory as selling pushes the crypto's price below recent support.

Enigma has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Enigma

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