ENJ coin shows a nice push, breaching both the 100 and 200 EMA levels, signalling bullish momentum. Currently, the coin is slightly below the resistance.
A breakthrough could propel the price towards the $0.47 target, marking a near 30% potential upside. As it stands, the re-tests of these EMAs solidify their roles as support zones, potentially reinforcing buyer confidence for the uptrend continuation. Looking here, how will the coin react to that resistance zone? If we see continued strength here, then breakout and a movement to the upper zones will most likely happen!
Swallow Team
Comment
â‹…
ENJ did not manage to breakout from this zone and reach our entry. Looking here for a potential movement towards $0.22 zone.