$ENJ ENJ/USDT Analysis on the 2H Chart
#enjincoin Current Price: 0.03184 USDT
Recent High: 0.03646
Recent Low: 0.02768
Price is hovering around the middle Bollinger Band (MB 0.03173).
RSI(6) is around 44, indicating that the bullish momentum has weakened after a strong pump.
Analysis
✅ The short-term trend remains bullish as ENJ just had a strong breakout from the 0.028–0.029 range.
⚠️ However, it is currently in a correction phase after a hot run:
Trading volume is gradually decreasing.
Price is making lower highs after hitting 0.03646.
RSI has dropped below 50.
Support Levels
0.0310 – 0.0315: near support.
0.0300 – 0.0305: stronger support.
If it breaks below 0.0300, it could drop to 0.0285 – 0.0290.
Resistance Levels
0.0330 – 0.0335
0.0348 – 0.0365 (recent high)
Scenario
If it holds above 0.0310 and volume picks up again → it could bounce back to 0.0335 and then 0.0350.
If it breaks below 0.0310 → there's a high chance of re-testing 0.0300.
Only a break above 0.0365 would confirm a continuation of the new uptrend.
Conclusion: The 2H chart currently leans towards a sideways correction after a strong upward move, with no complete bearish reversal signals yet, but it's crucial to hold the 0.0310–0.0315 range. Investors holding should pay attention to this level.