Binance Supports Enjin Coin Network Upgrade
Binance's Support for Enjin Coin Upgrade: Binance announced it will support the Enjin Coin (ENJ) network upgrade on September 9, 2024, temporarily suspending ENJ deposits and withdrawals while allowing trading to continue uninterrupted.
User Assurance and Planning: The exchange reassured users that their ENJ coins will be safe during the upgrade and emphasized the importance of planning for access to their coins during the temporary suspension.
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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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