cryptocurrency

Enjin Coin (ENJ) 2022 Price Prediction – Will ENJ Hit $4 Soon?

  • The bullish ENJ price forecast is $0.675 to $4,745.
  • Enjin coin (ENJ) The price may also hit $4 soon.
  • The bearish ENJ price prediction for 2022 is $0.397.

In the Enjin Coin (ENJ) Price Prediction for 2022, we use statistics, price patterns, RSI, RVOL and other information about ENJ to analyze the future movement of cryptocurrencies.

Enjin Coin (ENJ) Current Market Status

according to Queen GekkoEnjin Coin (ENJ) price is $0.4996 with a 24-hour trading volume of $49,332,530 at the time of writing. However, ENJ is down about 5.74% in the last 24 hours.

Furthermore, Enjin Coin (ENJ) has a circulating supply of 1,000,000,000 ENJ. Enjin Coin (ENJ) trades on cryptocurrency exchanges such as Binance, FTX, FMFW.io, OKX, WhiteBIT and Upbit.

What is Enjin Coin (ENJ)?

Enjin Coin (ENJ) is the original ERC-20 token for Enjin, a platform for the gaming community. It was launched in 2017 on the Ethereum blockchain. ENJ transactions are secured in the network through the Proof of Work (PoW) mechanism.

ENJ is used to buy, sell and trade NFTs in the Enjin ecosystem. Thus, these tokens basically serve as useful tokens to support NFTs. Users and developers can use Enjin (ENJ) for your instrument and create a unique NFT within the game. Besides ENJ, the Enjin ecosystem also contains another token called Efinity token (EFI), which is the governance token for the original decentralized Enjin metaverse.

The Enjin ecosystem enables users to use native blockchain products to create unique NFTs for businesses, especially in the gaming industry.

Enjin Coin (ENJ) Price Prediction 2022

Enjin Coin (ENJ) occupies the 86th position on CoinGecko at the moment. The ENJ 2022 price forecast is explained below with a daily time frame.

ENJ/USDT Falling Wedge Pattern (Source: TradingView)

The above chart for Enjin Coin (ENJ) has depicted a falling wedge pattern. In a falling wedge pattern, the upper trend line connecting the highs and the lower trend line connecting the lows converge to the bottom. A wedge pattern generally indicates a trend reversal. In particular, a falling wedge indicates a bullish reversal. This pattern indicates a breakout in the upward trend of the price.

Currently, Enjin Coin (ENJ) is in the range of $0.499. If the pattern continues, ENJ price could reach the $0.706, $1,163, $1,996 and $4,745 resistance levels. If the trend reverses, ENJ may drop to $0.470.

Enjin Coin (ENJ) Support and Resistance Levels

The chart below shows the support and resistance levels for Enjin Coin (ENJ).

ENJ USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Enjin Coin (ENJ).

resistance level 1 $0.675
resistance level 2 $0.979
resistance level 3 1,359 USD
resistance level 4 1,921 USD
Support level 0.397 USD
ENJ resistance and support level

The charts show that Enjin Coin (ENJ) has conducted an upward trend over the past month. If this trend continues, ENJ may work in tandem with the bulls taking out the resistance at $1,921.

Accordingly, if investors turn against the cryptocurrency, the price of Enjin Coin (ENJ) could drop to close to $0.397, which is a bearish sign.

Enjin Coin (ENJ) Price Predictions for 2022 – RVOL, MA and RSI

The Relative Volume (RVOL) of Enjin Coin (ENJ) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of ENJ is below the cutoff line, indicating weakness of participants in the current trend.

ENJ/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of Enjin Coin (ENJ) is shown in the above chart. Notably, the price of Enjin Coin (ENJ) is below 50 MA (short term), so it is in a downtrend. Currently, ENJ is in an uptrend. Therefore, there is a possibility of a reversal of the ENJ trend at any time.

Meanwhile, the Relative Strength Index (RSI) for ENJ is 35.73. This means that Enjin Coin (ENJ) is in an oversold state. However, this means that a major reversal of the ENJ price may occur in the coming days. Therefore, traders need to trade carefully.

Enjin Coin (ENJ) Price Forecast 2022 – ADX, RVI

Let us now take a look at the Enjin Coin (ENJ) Average Directional Index (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

ENJ / USDT ADX, RVI (Source: TradingView)

The chart above represents the Enjin Coin (ENJ) ADX indicator. Currently, the ADX Indicator for ENJ is in the range of 21.78 and therefore, it is indicating a strong trend.

The above chart also represents the Enjin (ENJ) Relative Volatility Index (RVI). RVI measures the continuous deviation of price changes over a period of time. ENJ’s RVI is below 50, indicating low volatility. In fact, the Enjin Coin Relative Strength Index (ENJ) is at 35.73 confirming a possible sell signal.

Comparing ENJ to BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Enjin Coin (ENJ).

BTC Vs ETH Vs ENJ Price Comparison (Source: TradingView)

From the above chart, we can interpret that the price action of ENJ is similar to BTC and ETH. This indicates that when the price of BTC and ETH rises or falls, the price of ENJ increases or decreases, respectively.

Enjin Coin (ENJ) Price Forecast 2023

If the price action’s decline completely slows down in momentum and the trend reverses, Enjin Coin (ENJ) Likely to make $5 by 2023.

Enjin Coin (ENJ) Price Forecast 2024

With several network upgrades, Enjin Coin (ENJ) may enter an upward trajectory. If the coin grabs the attention of major investors, ENJ could rise to $6 by 2024.

Enjin Coin (ENJ) Price Forecast 2025

If Enjin Coin (ENJ) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next seven years, ENJ will rise to $5.

Enjin Coin (ENJ) Price Prediction 2026

If Enjin Coin (ENJ) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, ENJ will rise to $8.

Enjin Coin (ENJ) Price Prediction 2027

If Enjin Coin (ENJ) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, ENJ will rise to $9.

Enjin Coin (ENJ) Price Prediction 2028

Enjin Coin (ENJ) is taking a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By driving significant price hikes, ENJ will reach $10 in 2028.

Enjin Coin (ENJ) Price Prediction 2029

If investors flock and continue to place their bets on the Enjin Coin (ENJ), this will see huge spikes. ENJ could reach $11 by 2029.

Enjin Coin (ENJ) Price Predictions for 2030

With greater developments in the Enjin Ecosystem, the crypto community may continue to invest in ENJ over the next eight years and drive the price of the token significantly higher. Thus, Enjin Coin (ENJ) could reach $12 by 2030.

conclusion

With the continuous improvements in the Enjin network, we can say that 2022 is a good year for ENJ. For this reason, the bullish price forecast for Enjin Coin (ENJ) in 2022 is $1,921. On the other hand, the bearish price prediction for Enjin Coin (ENJ) 2022 is $0.397.

Moreover, with developments and upgrades in the Enjin ecosystem, it will help ENJ’s performance to reach an all-time high (ATH) of $4.82 very soon. But, it could also hit $4 if investors think ENJ is a good investment in 2022.

Instructions

1. What is Enjin Coin (ENJ)?

Enjin Coin (ENJ) is the original cryptocurrency of the Enjin Coin Network. It was launched as an ERC-20 token in 2017. It is deployed mainly in support of NFTs in the gaming platform associated with Enjin.

2. Where can you buy Enjin Coin (ENJ)?

Enjin Coin (ENJ) is listed on several cryptocurrency exchanges including Binance, FTX, FMFW.io, OKX, WhiteBIT, and Upbit.

3. Will Enjin coin (ENJ) Getting to a new ATH soon?

With the continuous developments and updates within the Enjin Network platform, Enjin Coin (ENJ) has a high potential to reach ATH soon.

4. What is the current all-time high (ATH) of Enjin (ENJ) coin?

On November 25, 2021, Enjin Coin (ENJ) reached an all-time high (ATH) of $4.82.

5. Is Enjin coin (ENJ) A good investment in 2022?

Enjin Coin (ENJ) appears to be one of the best cryptocurrencies to gain this year. According to the recorded achievements of the Enjin Coin network in the past few months, ENJ is a good investment in 2022.

6. Can Enjin Coin (ENJ) reach $4?

Enjin Coin (ENJ) is one of the active cryptocurrencies that is still maintaining its bullish state. Ultimately, if this bullish trend continues, Enjin Coin (ENJ) will reach $4 soon.

7. What will be Enjin coin (ENJ) By 2023?

The price of Enjin Coin (ENJ) is expected to reach $5 by 2023.

8. What will it be Enjin coin (ENJ) Price by 2024?

The price of Enjin Coin (ENJ) is expected to reach $6 by 2024.

9. What will it be Enjin coin (ENJ) By 2025?

The price of Enjin Coin (ENJ) is expected to reach $7 by 2025.

10. What would it be? Enjin coin (ENJ) By 2026?

The price of Enjin Coin (ENJ) is expected to reach $8 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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