Enjin Coin Price is Still Pumping, 7% Higher at $0.416 - Can ENJ Reclaim $1 By Next Week?
Enjin Coin Price is ushering in the weekend in style, following a colossal 39% bullish move in seven days. The NFT and gaming platform has in two weeks netted 68.9% in cumulative gains, with its value growing 59.7% in a month.
The bullish outlook in ENJ is expected to spill over into the weekend, and possibly the coming week. Enjin Coin price dodders at $0.42 at the time of writing, after bulls successfully conquered resistance at $0.40, as highlighted in the lower red band.
Note that this level flipped into immediate support, following ENJ’s daily close above it – implying buyers are conformable holding the reins.
Enjin Coin has announced new updates for one of the ecosystem’s games, War of Ants. Game developers have fixed several bugs in the blockchain game, touching on interstitial ads. The updates also removed the menu wallpaper alongside other minor bug fixes.
According to the game’s description on Google Play, the War of Ants is a real-time PvP mobile strategy game fueled by war. “Each player takes charge as the queen of their ant colony and must compete with other colonies throughout the world through conquest and trial by combat,” Enjin Coin writes.
It is worth mentioning that the PvP experience needs a ticket to kick start a battle with another player claimed as a daily reward or purchased directly from the in-game marketplace.
Enjin Coin price holds above $0.42 after more buyers joined the uptrend from the 100-day Exponential Moving Average (EMA) (in blue) at $0.3479. This fresh impetus cleared the path for gains above $0.42, with bulls stretching the leg to new 2023 highs at $0.4655.
Live price data by CoinMarketCap reveals a 45% drop in ENJ’s trading volume to $188 million. Declining volumes often suggest investors
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