Enjin Coin Slightly Slumps Today: Will It Recover In October?

During the day, Enjin Coin (ENJ) has been volatile but has reached an 11% profit. Afterward, it is slightly has plummeted from $1.69 to $1.57 by losing 7%. The altcoin was the last trade at this level nearly two and a half weeks ago. The coin’s purchasing power remained fairly stable, and key technical indicators were also pointing to bullish price action.

The Relative Strength Index was below the overbought zone, around 70, indicating buying power. Awesome Oscillator displays green signal bars. Bollinger Bands were plotted with the assumption that price volatility will remain low over the next trading sessions. In the event of a negative correction, the ENJ may dip to the support level of $1.48 and then $1.33. The other price cap was $1.22.