Enjin Coin Price Prediction: ENJ Price Surges 52% as Bulls Target $0.0318

• ENJ rally shows strength but remains inside a broader confirmed bearish trend structure
• Overbought signals and Bollinger expansion point to likely short term pullback risk
• Rising open interest spikes and persistent outflows highlight ongoing distribution phase

Enjin Coin price jumped sharply on Thursday, drawing renewed attention despite an ongoing bearish market structure. The token traded at $0.03117, posting a 52% daily gain and over 51% weekly growth. 

Trading volume surged past $236 million, reflecting heightened speculative activity. However, analysts noted that the rally still sits within a broader downtrend, raising questions about its sustainability and underlying strength.

Technical Structure Remains Fragile

Price action continues to show a pattern of lower highs and lower lows. This structure confirms that sellers still control the market. Moreover…

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