Enjin Coin fails to break past $0.06: why is ENJ price falling?

Share

Enjin Coin remained under pressure on Thursday after another failed attempt to establish support above the $0.06 level. The token traded around $0.0564 at the time of writing, down 4.7% over the past 24 hours, with intraday trading fluctuating between $0.05496 and $0.05932. Notably, the current decline comes after ENJ posted one of its strongest monthly recoveries in recent years. Despite the decline, the token is still up 175.4% over the past 30 days. However, traders appear to be taking profits after the rally stalled. Bearish pressure builds after April rally ENJ entered April with strong upside momentum after rebounding sharply from its March low of $0.0174. The token later climbed toward the $0.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles