ENJ coin price shows a falling trend within a bearish pattern, breaking below the $1.30 support level and warns of a fall to the $1 psychological level. 

Key technical points:
<ul>
 	<li style="font-weight: 400">ENJ prices crack below the $1.30 mark</li>
 	<li style="font-weight: 400">The price action shows a falling wedge in action.</li>
 	<li style="font-weight: 400">The 24-hour trading volume of Enjin is $126.69 Million, marking a 40% rise. </li>
</ul>
<h2>Past Performance of ENJ</h2>
ENJ prices break above the long-coming resistance trendline on 26th March, resulting in a 15% jump to the 200-day EMA close to $2. However, due to the high selling pressure near the psychological mark, a reversal undermined the breakout rally. The reversal rally reaches the $1 mark and breaks below the 50-day EMA.

<img src="https://s3.tradingview.com/snapshots/w/wNTxcu0s.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/wNTxcu0s/">Tradingview</a>
<h2>ENJ Technical Analysis </h2>
ENJ prices create a falling wedge pattern accounting for a downfall of 30% in the last three weeks. Moreover, the recent fall tests the descending support trendline, warning of a potential fallout if the selling pressure increases. 

The crucial daily EMAs maintain a bearish alignment to project a solid downtrend in action and warns of a downtrend continuation. 

MACD Indicator: The MACD and slow lines break into the negative territory while maintaining a bearish alignment. Hence, the bearish trend increases the negative histograms intensity and signals a selling opportunity.

RSI Indicator:  The RSI values continue to fall under the 14-day SMA influence and approach the oversold boundary. Hence, the indicator shows a solid bearish trend in action. 

In a nutshell, the ENJ technical analysis shows a potential trend continuation to the $1 mark. 
<h2>Upcoming Trend </h2>
The ENJ coin price struggles to halt the downtrend at the support trendline as it lacks the long-tail formation to reflect a bullish fightback. Hence, a downfall below the support trendline will result in a 20% deflation if the $1.15 level collapses.

Resistance Levels: $1.45 and $1.55

Support Levels: $1.15 and $1

ENJ Technical Analysis: Intense Selling Warns $1 Fallout

ENJ coin price shows a falling trend within a bearish pattern, breaking below the $1.30 support level and warns of a fall to the $1 psychological level. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

ENJ Technical Analysis: Intense Selling Warns $1 Fallout

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