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Enjin Coin (ENJ) Rises 3.95% Thursday: What's Next for This Bearish Rated Crypto?

Thursday, August 04, 2022 06:29 AM | InvestorsObserver Analysts
Enjin Coin (ENJ) Rises 3.95% Thursday: What's Next for This Bearish Rated Crypto?

Enjin Coin (ENJ) gets a bearish rating from InvestorsObserver Thursday. The crypto is up 3.95% to $0.6483956386 while the broader crypto market is down 1.03%.

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

Bearish

Over the last five days, Enjin Coin has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Enjin Coin 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

Enjin Coin is currently trading near its midpoint for the past five-days. The crypto is 9.22% off its five-day high and is 9.30% higher than its five-day low of $0.593203783035278.

Enjin Coin price is trading near resistance. With support set around $0.594454703714291 and resistance at $0.654763398553769, could face selling pressures soon.

Enjin Coin 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 Enjin Coin

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