Enjin Coin ($ENJ ) recently experienced a powerful surge of over +17%, breaking out from its $0.028 support base to hit a high of $0.04072 before pulling back toward $0.0349. This sharp price action, driven by increased network activity and the validator expansion governance vote, pushed the short-term RSI (6) into extreme overbought levels above 82.6. As a result, the market is currently undergoing a natural cool-down phase. Moving forward, if $ENJ can establish a strong higher-low support around $0.0305 – $0.0330, it will build the necessary liquidity to challenge the resistance at $0.0360. A clean 4H candle close above the $0.04072 peak would confirm a broader bullish continuation toward $0.043+, whereas failing to hold above $0.0305 could lead to extended consolidation near the baseline. Traders should keep an eye on support retests and RSI resets before entering fresh positions.
