- Enjin Coin price is in a symmetrical triangle pattern on the 1-hour chart.
- The digital asset is on the verge of a significant 25% movement if one of two critical levels is broken.
- It is unclear which side has the upper hand, so traders need to remain cautious.
Enjin Coin has been trading sideways for the past 24 hours and is within a tightening range on the 1-hour chart. Two important levels stop the digital asset from a massive 25% movement.
Enjin Coin price close to a breakout or collapse
On the 1-hour chart, ENJ has formed a symmetrical triangle pattern with a resistance trendline at $ 2.6 and support at $ 2.41. A break above the key barrier at USD 2.6 would drive the Enjin coin price towards USD 3.3 in the long term.
ENJ / USD 1 hour chart
On the other hand, a break below $ 2.41 would move the digital asset toward a low of $ 1.8. The current price of ENJ is $ 2.5, which means Enjin is right in the middle of the pattern.