Metaverse tokens with more than $1 billion in market capitalization plunged more than 90% in value throughout 2022 due to an industry-wide tanking of the...

Your capital is at risk; the value of any investment you make may go up or down so you may get back less than...

Advertisement &nbsp &nbsp Sandbox (SAND) and Enjin Coin (ENJ) are pillars of the metaverse industry, but Orbeon Protocol (ORBN) might just surpass them in...

Metaverse bridges the gap between the real and virtual worlds via innovative technologies. While many think that crypto and metaverse are inter-linked; the...

Enjin Coin price has seen three green days with a nice run-up. This move comes after ENJ bulls breached a declining trend line that subdued it since 25 November. The recent uptick in bullish momentum suggests that ENJ is leading the Metaverse coins like MANA or SAND. Metrics forecast more gains  Enjin Coin price crashed […]

The crypto industry is always on the move. There are new trends that come…

The post The top 3 coins to consider buying based on crypto trends in 2022 appeared first on Coin Journal.

February has been a busy month at the crypto front.

The post Global economic outlook tanks in February as Bitcoin decouples from traditional market appeared first on CryptoSlate.

Despite recovering from the turmoil of the Ukraine conflict, the bears seemed to be influencing the market. The likes of Enjin, Harmony, and IOTA give similar indications. Enjin Coin (ENJ) ENJ followed a downtrend since mid-February as the strength index hit rock bottom. The crisis in Ukraine was a potent factor behind the rapid sell-off. […]

Analytics firm Santiment is taking stock of the crypto markets as the world reacts to Russia’s ongoing war with Ukraine. In a new Insights blog post, the firm provides data that tracks the buying and selling action of more than 50 digital assets. Among the most accumulated altcoins were gaming tokens Enjin Coin (ENJ) and […]

The post Crypto Whales Take Advantage of Dip, Swoop In on Ethereum (ETH) and Four Altcoins: Analytics Firm Santiment appeared first on The Daily Hodl.

The host of popular crypto analysis and market commentary show Coin Bureau has issued a long-term outlook for the gaming altcoin Enjin Coin ($ENJ), which serves as a “utility token” for non-fungible tokens (NFTs). In a guide published in May 2020, Binance Research referred to Enjin Coin as “a product ecosystem for blockchain gaming.” It […]

The ENJ coin price breaks above the long-coming falling wedge pattern resulting in an overnight trend reversal, aiming to break above the $2 mark. Co-founder of Enjin, Witek Radomski authored the code to create one of the very first Non-fungible Tokens (NFTs) in the world. He is the co-author of the ERC-1155 Ethereum token standard. Based on an on-chain platform and a blockchain infrastructure, the Enjin ecosystem allows businesses and game developers regardless of size to make use of tokenized digital assets in the course of their engagement, acquisition, retention, and strategies for monetization. The Enjin ecosystem is powered through Enjin Coin, an e-currency used to support the worth of blockchain-based assets. Let us move ahead to read about ENJ technical analysis. Past Performance of ENJ The ENJ coin price action makes a follow-through candle of the morning star pattern made slightly below the resistance trendline of the falling wedge. The morning star and the follow-through candles result in a price jump of over 15%. Thus, resulting in the breakout of the falling wedge pattern in the daily chart.  ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price action breaks above the long-coming falling channel pattern in the daily chart. Therefore, traders can expect the post-breakout rally to break above the $2 psychological mark. The crucial Exponential Moving Averages (50 and 200-day) showcase a death cross in the daily chart as the EMAs maintain a falling trend. However, the price jump may shortly reverse the trend in EMAs.  The RSI indicator indicates that the slope is increasing over that 14 day-SMA as well as the centerline of the daily chart. The increase is after the bullish divergence that is seen within the band. So, a continuation in the bullish direction could be likely. The Stochastic RSI indicator shows the K and D line undermining the previous bearish crossover as the K line gives a bullish crossover with the D line. The lines remain in the overbought zone reflecting a boom in underlying bullishness.  In a nutshell, the technical indicators represent the bulls taking over the ENJ price trend with the falling wedge breakout. Therefore, traders can expect a pst-retest rally. Upcoming Trend The ENJ technical analysis shows the coin price action demonstrating a bullish breakout of the falling wedge pattern in the daily chart. However, the price is yet to retest the breakout, that is why a reversal in the upcoming days is possible.  Buyers at the current price can expect a target above the $2 mark, close to the $2.15 horizontal level. However, the bearish influence by the death cross can result in a retest prior to the bullish rally.

The post ENJ Technical Analysis: Wedge Breakout Unleashes Trapped Bullishness  appeared first on Cryptoknowmics-Crypto News and Media Platform.

Metaverse and blockchain gaming tokens are starting to come out of the crypto winter.…

The post Enjin Coin (ENJ) rallies slightly – Can it find enough bullish momentum in the near term? appeared first on Coin Journal.