ENJ Technical Analysis: Sellers Chokes The Uptrend At Trendline

ENJ coin price shows the uptrend struggling to surpass the resistance trendline and the $1.5 mark. Will the sellers drive prices lower to $1? Key technical points: The ENJ coin prices struggle to surpass $1.5 The MACD indicator gives a bullish indicator The 24-hour trading volume in the Enjin token is $223 Million, indicating a 10% rise. Past Performance of ENJ ENJ coin price booms 15% after a short consolidation range with long-tail formations to reach the $1.5 mark. The recent reversal retests the bearish fallout of the $1.65 horizontal range. However, the rally struggles to rise above the confluence of $1.5 and the resistance trendline evident by the recent Doji candle. Source-Tradingview ENJ Technical Analysis The ENJ coin price shows a potential morning star pattern as the bears step in after the recent Doji candle. Hence, a reversal to the $1.35 mark is possible in the upcoming couple of days. The crucial EMAs in the daily chart achieve a bearish alignment as the 100-day EMA crosses below the 200-day EMA. Moreover, the falling EMAs can provide dynamic resistance to further bullish attempts. The MACD indicator shows that the fast and slow lines give a bullish crossover in the negative territory as the bullish histograms spread over the zero line. Hence, the indicator showcases a potential bullish uprise. The RSI Indicator slope jumps after a consolidation phase to surpass the 14-day average but creates a rounded top near ...