Binance Backs Enjin Coin Upgrade
Binance's Support for Enjin Coin Upgrade: Binance has announced its support for the Enjin Coin (ENJ) network upgrade scheduled for September 9, 2024, which will temporarily suspend ENJ deposits and withdrawals but allow trading to continue uninterrupted.
Commitment to User Experience: The exchange assures users that all technical requirements for the upgrade will be met to ensure a smooth transition, with deposits and withdrawals resuming automatically after confirming network stability.
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Technical Analysis for ENJ
Technical Sentiment Analysis for Enjin Coin (ENJ) As of , Enjin Coin (ENJ) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ENJ stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ENJ is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Enjin Coin (ENJ) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00972 | 0.014 | 0.0186 | 0.0229 | 0.0275 | 0.0318 | 0.0364 |
| Fibonacci | 0.014 | 0.0174 | 0.0195 | 0.0229 | 0.0263 | 0.0284 | 0.0318 |
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