Bullish overall on ENJ/USDT.Short-term:
Mildly bullish with caution. Price is consolidating after a massive +100-300% April rally (from ~$0.02 lows to highs near $0.10), followed by healthy profit-taking pullback.
Technicals show buy signals on daily/weekly (falling wedge breakout, moving averages turning supportive).
Many traders eye retests of $0.06–0.07 support for next leg toward $0.08–$0.10.
tradingview.com
Catalyst: Kallang upgrade (governance + staking fixes) hits mainnet May 18, 2026 — positive for the Enjin ecosystem and GameFi narrative.
Risk: Volatile — recent sharp corrections are normal after parabolic moves. Breakdown below ~$0.06 could flip bearish short-term.
Bias: Bullish bias for continuation if it holds key support. Not financial advice — watch volume and BTC correlation. $ENJ
