Enjin Coin Price Forecast: ENJ climbs sharply as network activity spikes

Enjin Coin (ENJ) is trading in green above $0.025 on Thursday, up over 36% so far this week. On-chain data supports the rally with network growth and trading volume reaching multi-month highs, while technical analysis suggests further gains if the bullish momentum persists.

Network growth and trading volume hit multi-month highs

Santiment data shows that Enjin Coin’s network growth index — a key metric tracking user adoption and project traction — surged to 71 on Thursday from 14 the previous day, the highest level since August 14 2025. These elevated levels still highlight a broadly bullish outlook for ENJ.

In addition, Enjin Coin ecosystem’s trading volume (the aggregate trading volume generated by all exchange applications on the chain) reached $198.13 million on Thursday, the highest trading volume not seen since April 2025. This volume rise indicates a surge in traders’ interest and liquidity in ENJ, boosting its bullish outlook.

The ongoing price surge is also supported by renewed rotation into gaming and Non-Fungible Token (NFT) tokens, which are boosting ecosystem engagement.

Enjin Coin Price Forecast: ENJ surges more than 36%

Enjin Coin price is trading at $0.025 on Thursday, up by over 36% so far this week. The near-term bias turns bullish after price bounced from the $0.018 area and accelerated higher on a volume spike, reclaiming the broken descending trendline near $0.022. 

Daily Relative Strength Index (RSI) has pushed into overbought territory above 70, and the Moving Average Convergence Divergence (MACD) line stands above its signal and above the zero line, signaling strong upside momentum despite ENJ still trading well below the clustered 100-day and 200-day Exponential Moving Averages near $0.026 and $0.038, respectively, which continue to cap the broader downtrend.

Immediate support is now seen at $0.025, the nearby horizontal line that protects the breakout zone above the former trendline barrier at $0.022, with a deeper pullback exposing the next support at $0.021, its 50-day EMA. 

On the upside, initial resistance emerges at $0.030, a psychological level followed by $0.035, which aligns with the lower band of the prior consolidation area and sits ahead of the descending stack of medium- and long-term EMAs, where sellers would be expected to reassert control if the rebound extends.

(The technical analysis of this story was written with the help of an AI tool.)