$ENJ is currently experiencing a downtrend, with a 24-hour price change of -3.544%.
The price reached a high of 0.0934 and a low of 0.0848, reflecting increased volatility.
Bollinger Bands indicate the upper boundary at 0.0904 and the lower at 0.0839, suggesting potential for further downside.
Support is strong at 0.0848, while resistance looms at 0.0918.
Macroeconomic factors, such as uncertain inflation data and regulatory news, may influence investor sentiment.
Currently, Bitcoin's influence remains undefined, possibly allowing ENJ to move independently.
Traders should consider a short-term approach given the current volatility.
Key takeaway: Watch for a breach of support or resistance for potential trading signals.
