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Enjin Coin (ENJ) Up 4.42% Wednesday: What's Next?

Wednesday, January 19, 2022 01:00 PM | InvestorsObserver Analysts
Enjin Coin (ENJ) Up 4.42% Wednesday: What's Next?

Enjin Coin (ENJ) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has added 4.42% to $2.32.

volatility - 34
InvestorsObserver is giving Enjin Coin a 34 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 34, placing it in the bottom 34% of cryptos on the market.

The Volatility Gauge follows meaning that one day won't make or break its rank. ENJ's moderate volatility reading is paired 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 trading above resistance. With support at $2.17 and resistance near $2.31. This positions Enjin Coin out of range and potentially in a volatile position if the rally burns out.

What is a Token?

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

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