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

Summary
• ENJUSDT formed a bullish engulfing pattern near 0.03131, signaling possible short-term reversal.
• Volatility surged past 0.0324 as volume spiked 12.5x at the 22:15 ET candle.
• RSI hit 61.8% Fibonacci resistance at 0.03227 but failed to confirm breakout strength.
• Bollinger Band width expanded by 18%, reflecting rising uncertainty.
• Notional turnover hit $17.3M at 16:15 ET, coinciding with a 0.03245 intra-candle high.

Price and Volume Snapshot

At 12:00 ET–1 on 2026-01-13, Enjin Coin/Tether (ENJUSDT) opened at 0.03132, hit a high of 0.0325, and closed at 0.03206 at 12:00 ET. The 24-hour period saw total volume of 8,133,738.8 ENJ and $26,406.55 in notional turnover.

Structure & Trend Confirmation

The 5-minute chart displayed a bullish engulfing pattern at 0.03131, suggesting a short-term reversal after a 0.4% dip. However, the subsequent rally stalled near the 0.03227 Fibonacci 61.8% level, where RSI peaked at 52, indicating mixed momentum. Bollinger Bands expanded as volatility climbed, with price closing near the upper band at 0.03206.

Momentum and Divergences

MACD crossed into positive territory during the 22:15 ET spike, aligning with a 12.5x volume surge. However, the subsequent 0.0325 high at 16:15 ET failed to produce a new RSI high, hinting at potential bearish divergence. The 50-period moving average held as support twice during the session, suggesting a possible floor for near-term consolidation.

Volume and Turnover Dynamics

Turnover spiked to $17.3M at 16:15 ET, coinciding with the 0.03245 high. While volume confirmed the initial breakout from 0.03196, the 0.03227 resistance saw weaker volume, raising questions about the sustainability of the rally.

Forward Outlook and Risk

Price appears to be testing key resistance at 0.0325 with mixed momentum signals. A break above 0.0325 could invite further buying, but a close below 0.03206 may trigger profit-taking and retest 0.03196. Investors should monitor volume for confirmation.