Enjin Coin trend shows a firm uptrend
The price for ENJ surged above the $0.3905 mark and reached a high of $0.4266
Strong support has been established at $0.3567
Enjin Coin token shows that the cryptocurrency is currently on a strong bullish signal today, taking the price as high as $0.3905.Although the bears were in control of the market earlier, bulls have managed to turn the tables and sent the price higher. The EJN/USD pair is currently consolidating in the range between $0.3726 and $0.3905, while the bulls are looking to break past this resistance level and send it higher toward the next significant resistance at $0.4266.
The cup and handle pattern that is forming on the daily chart could be an indication of a potential breakout in the near future, if buyers can keep pushing the price higher. The bullish momentum seems to be strong at the moment and a break above $0.3905 could open up the door for a move toward $0.4 in the near future.