Enjin's mid-April rally has set up the potential for another strong uptrend, but the altcoin was in a retracement phase for now.
Enjin Coin (ENJ) posted a 70% gain in 24 hours and holds above $0.035. Its volume reached new multi-month highs. The Open Interest in ENJ futures hit a record $74.68 million on Thursday, up from $19.82 million on Tuesday.
Enjin Coin (ENJ) experienced one of its most dramatic price surges in recent history, climbing more than 53% during a 24-hour period. The cryptocurrency traded within a range of $0.029 to $0.035, with slight variations depending on the platform and specific time window analyzed.
Enjin (ENJ) price has staged a sharp breakout, surging over 30% in a single move and reclaiming the $0.03 level after weeks of downtrend. The daily chart shows a clear momentum shift, with ENJ breaking out of its consolidation range on a surge in volume by more than 2000%.