ENJ Technical Analysis: Morning Star Outshines Death Cross

The ENJ coin price forms a majestic bullish engulfing candlestick from the demand met near the $1.70 mark. The bullish reversal comes as the price action retests the resistance trendline breakout. However, the recent death cross might succumb the bullish growth. Will the uptrend reach $2.5? Key technical points: The coin price challenges the $2 mark. The RSI indicator shows the slope rise above the 50% mark. The 24-hour trading volume in the Enjin token is $214 Million, indicating a 45% rise. Past Performance of ENJ ENJ coin price trades at $1.99 with a price jump of 8.84% in the last 24 hours as the buying pressure increases with the 45% jump in trading volume. The price action form a morning star pattern to retest the bullish breakout of the resistance trendline. Moreover, the bullish rally may shortly surpass the $2 mark. Source-Tradingview ENJ Technical Analysis The ENJ coin price shows a post-retest bullish reversal that challenges the $2 mark as the trend momentum increases. Hence, traders can find a lucrative buying spot above the psychological mark of $2. The RSI Indicator shows the slope enters the nearly overbought zone rising above the 50% mark and the 14-day SMA. Therefore, the indicator reflects a drastic rise in the underlying bullishness. The Stochastic RSI indicator projects a bullish reversal in the K and D lines as they give a positive crossover. Hence, the indicator reflects a high likelihood of a bullish br...