Enjin Coin Price Surges 60% Amid 2,400% Increase in Trading Volume
Enjin Coin (ENJ) Update
- ENJ surged over 60% in 24 hours, now priced at $0.1088.
- Trading volume increased by 2,400%, reaching $421 million.
- Market cap briefly surpassed $200 million, elevating ENJ nearly 80 positions on the global leaderboard.
- The rally follows the launch of Enjin's NFT Software Development Kit (SDK), enhancing NFT integration for developers.
- Integration with Efinity parachain improves scalability for real-time gaming and NFT applications.
- Technical analysis shows a breakout from a downward trend, with strong bullish indicators on daily charts.
- Analysts target $0.32 as the next price level, indicating potential 300% growth.
- Current RSI at 72.94 suggests overbought conditions, with Bollinger Bands widening, indicating resistance near $0.0916.
- Gaming utility tokens overall saw a 7.67% increase in the same period.
Source: TradingView
Source: TradingView