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Enjin Coin (ENJ) Up 8.59% Wednesday: What's Next?

Wednesday, January 12, 2022 03:57 PM | InvestorsObserver Analysts
Enjin Coin (ENJ) Up 8.59% 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 8.59% to $2.51.

volatility - 29
InvestorsObserver is giving Enjin Coin a 29 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 29, placing it in the bottom 29% 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 trading above resistance. With support near $2.2 and resistance around $2.37. 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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