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Enjin Coin (ENJ) Down 0.03% Thursday: What's Next?

Thursday, December 30, 2021 10:13 AM | InvestorsObserver Analysts
Enjin Coin (ENJ) Down 0.03% Thursday: What's Next?

Enjin Coin (ENJ) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has dropped 3.24% to $2.69.

volatility - 32
InvestorsObserver is giving Enjin Coin a 32 Volatility Rank. Find out what this means to you and get the rest of the rankings on Enjin Coin!

Moderately Volatile

InvestorsObserver gives Enjin Coin a moderate volatility rank of 32, placing it in the bottom 32% of cryptos on the market.

The Volatility Gauge follows this means that the rank represents its recent trends and isn't overly influenced by a sudden spike - or two - in volatility. ENJ's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Enjin Coin price is well positioned going forward. With support at $2.52 and resistance at $2.77. This leaves Enjin Coin with room to run before facing selling pressures.

What is a Token?

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

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