Is Enjin Coin (ENJ) Heading the Right Direction Wednesday?

Wednesday, June 29, 2022 06:40 AM | InvestorsObserver Analysts

Enjin Coin receives an average long-term technical score of 64 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the token's consistency, volatility, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. Currently, ENJ holds a superior long-term technical analysis score than 64% of crytpocurrencies. Long-term investors employing a buy-and-hold strategy will find the Long-Term Rank especially relevant when allocating their assets and may find additional value finding cyptos with a high short-term technical score to discover tokens that have bottomed out.

InvestorsObserver is giving Enjin Coin a 64 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Enjin Coin!

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Trading Analysis

ENJ is currently -$0.5100000 (-49.53%) below its 100-day moving average price of $1.040000000 with its current price of $0.520000000. Meanwhile, Enjin Coin is $0.1400000 (-2739.66%) above its 52-week low price of $0.380000000 and -$4.32000000 (-195.53%) below its 52-week high of $4.850000000. The current price relative to its moving average and 52-week high and low leads to an average long-term technical score of 64. Trends for the long-term trading history of Enjin Coin suggest that traders are currently neutral on the token. Enjin Coin has a total market value of $468,105,121.68 with an average average daily volume of $538,399,565.73 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, ENJ's volume is below its average with $71,160,577.15 exchanged in total.

Summary

Technical analysis of Enjin Coin over the past year results in the crypto receiving a an average long-term technical score of 64 as its price movement in that time has given traders reason to be neutral on the token in the long-term. Click Here to get the full Report on Enjin Coin (ENJ).