HBAR Price and ENJ Price Rallies 50%, Is New ATH Incoming?

HBAR Price and ENJ Price Rallies 50%, Is New ATH Incoming?

January 8, 2021

Hedera Hashgraph(HBAR) Price

Hedera Hashgraph price rallies like a giant by accumulating more than 50% gains in the last 24 hours. The 24-hour trading volume also grew massively of about 400% to touch $238,521,381 at the press time.

HBAR

The price kicked started its rally at $0.0309 which can be considered as the lowest point in recent times. The market capitalization also around $200 million and the trading volume was also just $14 million.

Further, the price remained constant for a while fora couple of days before a boost at $0.0414 to rally to $0.062. But woefully, the price currently at the press time, the price is $0.05801 with a massive jump of 48.95 percent.

The token is expected to rally further to come close to the current all-time high as it needs a pretty dynamic bull run to touch the all-time high at $0.4.

Enjin Coin Spikes More Than 36% 

Enjin Coin initiated the bull run around $0.138 and attempted very hard to surge but trended in a very narrow range and touched close to $0.18. Further, the asset experienced a pullback that dragged the price close to $0.1631.

ENJIN coin

The actual rally started after the plunge which carried the price drastically to $0.27 with a massive jump of more than 60% but later enter a correction phase which dumped nearly 20% within just a couple of hours.

Currently, the price of ENJ coin is $0.2379 with a jump of 35.09 percent. The 24-trading volume also spiked nearly 922.22% to touch $326,064,379 and market capitalization rose to $199,359,484 with a surge of 36.45%.

At present, the RSI indicator points bearish declining from 78 to 64 as the price is declining amid the retracement phase. However, the support levels are quite far from the current levels at $0.18. Therefore we can expect a decent bounce back in the coming times.

Source: Read Full Article