ENJUSDT 1W Chart Analysis

04/05/2025 06:30

Enjin Coin (ENJ) is approaching a crucial technical stage, showing signs of completing its ABC correction structure. This setup suggests that the asset could soon test a major monthly support level, creating a potential accumulation zone for investors preparing for the next market cycle.

ENJ chart

🔎 Market View:
ENJ appears to be in the final phase of its corrective pattern, with wave C projected to drive prices deeper into a historically strong support area. This zone has previously acted as a launchpad for bullish reversals.

📊 Action Plan:
Investors may consider monitoring the monthly support level closely. A decisive test of this zone could offer attractive entry opportunities for long-term positioning. Patience and confirmation are key before allocating capital.

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Updates

Update at 04/21/2025 06:30

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ENJ confirmed the completion of its ABC corrective wave and delivered a sharp recovery move — rallying over 65% from the identified monthly support zone.

🪙 Insight: Partial profit-taking is recommended as the asset extends higher. Traders who missed the initial entry may still look for re-entries near the established support if price revisits this zone.

Update at 05/04/2025 06:30

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The roadmap has unfolded as projected — ENJ delivered a 90% recovery, followed by a healthy 40% retracement.

📊 Strategy Update: The monthly support remains our prime accumulation area. Strong buying interest here could pave the way for another substantial recovery move in the upcoming cycle.

Update at 09/26/2025 06:30

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After a 50% correction, ENJ has finally revisited its monthly support zone, aligning with prior analysis. Market sentiment, however, remains bearish across the board.

🔎 Trading Outlook: Instead of rushing to accumulate, patience is crucial. Allowing the price to penetrate deeper into support could help flush out weak hands and excessive leverage.

📌 Forward Plan: A gradual DCA approach within the highlighted support zone may prove effective for building strong spot positions ahead of a potential breakout at the conclusion of wave C.

Update at 10/15/2025 07:09

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Market Playing Right Into the Plan 💱:

It looks like the bears have had their fun with Enjin Coin (ENJ) lately, just as we expected. The price pushed even lower during the last market drop, completing a deeper correction that we had been eyeing for weeks. ☄️

Buy Zones Triggered:

Both of our planned buy zones were activated during the recent dip, and those entries are now sitting roughly 40% in profit. It’s a solid reminder that patience pays off when you trust your roadmap and let the setup play out. ➕

What’s Next for ENJ?

For now, the broader outlook still leans bearish, but that doesn’t mean opportunities are over. If you’ve been riding this move, it might be smart to lock in some gains here and wait for how the next leg unfolds.

We’re watching closely for two potential scenarios — one of which could complete wave (C) and set up the next strong buy opportunity. 🟢

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