Market Overview for Enjin Coin/Tether (ENJUSDT): 24-Hour Technical Breakdown

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Friday, Jan 2, 2026 6:47 pm ET1min read
USDT
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ENJ
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Aime RobotAime Summary

- ENJ/USDT tested $0.0291–0.0292 support, forming a bullish engulfing pattern after a deep pullback.

- Volatility spiked above 600k volume during rebound, with RSI hitting oversold 28 but failing to sustain above 50.

- Bollinger Bands widened during $0.0289–0.0298 swings, while MACD hovered near zero with flattening momentum.

- Key resistance at $0.0294–0.0296 faces retests, with 20-period EMA monitoring potential support/resistance shifts.

Summary
• Price tested key support near $0.0291–0.0292, rebounding into a bullish engulfing pattern.
• High volatility persisted near $0.0293–0.0294, with volume surging above 600k during the rebound.
• RSI showed oversold conditions at 28, but momentum failed to sustain above 50.

24-Hour Performance


Enjin Coin/Tether (ENJUSDT) opened at $0.02957 at 12:00 ET − 1, touched a high of $0.02987 and a low of $0.02887, and closed at $0.02905 by 12:00 ET. Total volume reached 12.1 million ENJ, with notional turnover at $35,527.

Structure & Formations


The price found strong support around $0.0291–0.0292, with a notable bullish engulfing pattern forming after a deep pullback. Key resistance levels appear at $0.0294 and $0.0296, which were tested multiple times. A morning doji near $0.02943 signaled indecision, but volume surged during a late rebound, hinting at renewed buying interest.

Volatility and Momentum



Bollinger Bands expanded significantly during the price swings from $0.0289–0.0298, suggesting heightened volatility. The RSI dipped into oversold territory (28) before rebounding, but failed to push above 50, indicating mixed momentum. MACD remained near the zero line, with a flattening histogram reflecting waning momentum in both directions.

Volume and Turnover


Volume spiked above 600k at the 17:00 ET candle, coinciding with a sharp rebound from $0.0289–0.0293. Notional turnover followed a similar pattern, peaking above $500 during the 17:00 ET to 19:15 ET window. A divergence between volume and price occurred during the early morning dip, raising questions about the sustainability of the rebound.

Forward-Looking View


The price may test $0.0294–0.0295 resistance in the next 24 hours, with a successful break likely to trigger a retest of $0.0296–0.0297. However, caution is warranted as bearish pressure could resume if volume fails to confirm a breakout. Investors should monitor the 20-period EMA for potential support and resistance shifts.