$ENJ The asset is currently showing strong performance with positive technical signals, but caution is advised at strong resistance levels
Current situation:
- Current price: $0.1046 with a significant increase of 60.92% over 24 hours
- Trading volume: $74.9 million indicating active trading and great interest
- Price range for the last 24 hours:
- Highest level: $0.1161
- Lowest level: $0.0650
Reading technical indicators:
- Moving averages analysis:
- Fast average (7 days) at $0.1021
- Medium average (25 days) at $0.0891
- Slow average (99 days) at $0.0700
- The ascending order of the averages indicates the strength of the upward trend
- Relative Strength Index (RSI) at 67.73 approaching the overbought zone
- MACD indicator is positive with the DIF line surpassing the DEA line
Future expectations:
- Bullish scenario: If it surpasses resistance at $0.1161, the next target is at $0.15
- Bearish scenario: If it drops below $0.0891, it may seek support at $0.07
Trading tips:
- For quick traders: Take advantage of the current momentum while monitoring the RSI indicator
- For investors: The asset has strong fundamentals in the gaming and digitization sector
