$ENJ Significantly increased in recent times
ENJ/USDT has just experienced an increase of around +64.42% to the level of $0.1100 in the last 4 hours. Volume has also exploded: 870 million ENJ changed hands — this is not a small movement. If we break it down further:
- EMA Crossover Confirmed: EMA 13 (0.0876) and EMA 21 (0.0808) have crossed above EMA 99 (0.0714), meaning this is a valid golden cross on the 4-hour timeframe.
- Stochastic K/D has entered the overbought area, but the J-line is still aggressive: a small retrace potential may arise, but the momentum remains strong.
- MACD has just formed a positive cross, and the histogram is getting bigger, indicating that bullish continuation is still on track.
- RSI (6) broke through to 97.76 — meaning it is extremely hyper-overbought. However, in such a large breakout condition, RSI can remain high as long as buyers are dominant.
Massive buying pressure and high volume indicate potential continuation. However, with RSI this high, some market participants may also need to prepare short-term profit-taking scenarios.
⚠️ Disclaimer
This is not financial advice. DYOR. The crypto market is very volatile and extreme movements like this can reverse at any time.
