Summary
• Price moved in a tight range, finding key resistance at 0.02745 and support near 0.02670 on the 5-minute chart.
• Volume surged in the late ET afternoon and early morning, coinciding with a breakout attempt above 0.02740.
• RSI indicates neutral momentum, suggesting no immediate overbought or oversold conditions.
• Bollinger Bands show slight widening, signaling a potential rise in volatility.
Enjin Coin/Tether (ENJUSDT) opened at 0.02683 on 2025-12-21 at 12:00 ET, reaching a high of 0.02771 and a low of 0.02634 before closing at 0.02744 on 2025-12-22 at 12:00 ET. Total volume was 3,150,973.3, with a notional turnover of $84,188.
Structure & Formations
Price formed a bullish breakout pattern in the late ET afternoon, with a rejection at 0.02670 and a test at 0.02745. A key support zone appears to be forming near 0.02670–0.02675, with a potential resistance ceiling at 0.02745.
Moving Averages
On the 5-minute chart, price hovered just above the 20-period and 50-period moving averages, indicating a neutral to mildly bullish bias. The 50-period MA is currently at 0.02707, suggesting a potential target zone for a continuation of the recent upward trend.
MACD & RSI
The MACD shows a positive divergence in the last 5 hours, aligning with the price action. RSI remains in the 50–60 range, signaling steady momentum without signs of exhaustion.
Bollinger Bands
Volatility appears to be expanding, with the upper band reaching 0.0275 and the lower band settling near 0.0267. Price action currently sits near the upper band, suggesting potential for consolidation or a short-term reversal.
Volume & Turnover
Volume spiked sharply after 00:00 ET and again between 15:00 and 16:00 ET, coinciding with price breakouts and pullbacks. Notional turnover increased in line with volume, showing no divergence in conviction behind price movements.
Fibonacci Retracements
Key retracement levels for the recent 5-minute rally include 38.2% at 0.02714 and 61.8% at 0.02751. These levels appear to align with observed support and resistance zones, suggesting they may serve as price anchors in the near term.
In the next 24 hours,
may test its 61.8% Fibonacci level at 0.02751 for confirmation. However, a breakdown below 0.02670 could signal a shift to a more bearish bias. Investors should monitor volume and RSI for signs of momentum exhaustion.
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