Technical analysis by CryptoNuclear about Symbol ENJ: Buy recommendation (8/16/2025)

Overview Timeframe: Weekly (1W), Binance Price is sitting inside a multi-year demand zone $0.055–$0.095 with midpoint around $0.068. Larger structure still showing lower-highs since 2021 peak, but currently in sideways range at the historic 2019–2020 base. Key resistance levels: $0.095, $0.132, $0.2099, $0.30–0.362, $0.450, $0.6798, $0.9119, $1.2936. Key support: $0.068, $0.055 (bottom of the box). Historical low marked at $0.0322. --- Pattern & Context Pattern: Sideways Accumulation/Base forming above the $0.055–$0.095 zone. Multiple touches confirm defensive buying, but no higher-highs yet on weekly. Implication: As long as price holds inside or above the zone, mean reversion rallies remain possible. A clean breakdown below the zone confirms continuation of the macro downtrend. --- Bullish Scenario 1. Conservative (reclaim range): Trigger: Weekly close above $0.095. Validation: Retest of $0.095 holds as support → move towards $0.132 then $0.2099. Extension: Break and hold above $0.2099 → next targets $0.30–$0.362, then $0.450 and $0.6798. Invalidation: Close back below $0.095 after reclaim. 2. Aggressive (buy the box): Idea: Accumulate within $0.055–$0.068 with tight stop below $0.055. Initial target: $0.095 → $0.132. Note: Possible wick into the bottom of the box before reversal. --- Bearish Scenario 1. Breakdown of demand zone: Trigger: Weekly close below $0.055. Impact: Opens path towards $0.0322 (historical low). 2. Rejection at upper edge: Rejection at $0.095–$0.132 could send price back to $0.068 and $0.055. Invalidation (short-term bearish): A strong close above $0.132, shifting structure to more neutral-bullish. --- Key Levels to Watch Support: $0.068 → $0.055 → $0.0322 Resistance: $0.095 → $0.132 → $0.2099 → $0.30–$0.362 → $0.450 → $0.6798 → $0.9119 → $1.2936 Risk Management: Always use weekly close confirmation and set clear invalidation (e.g., below $0.055 for long bias). Volatility on altcoins remains high. #ENJ #ENJUSDT #Enjin #CryptoAnalysis #PriceAction #SupportResistance #SupplyDemand #WeeklyChart #Altcoins #RiskManagement #DYOR #NFA