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Huobi Token’s price defended by bulls; STEEM, Enjin’s future uncertain

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Steem [STEEM]:

Undeterred by the centralization conflicts that had engulfed the Steem ecosystem and Tron Foundation’s Justin Sun, for the most part, STEEM has continued with its upward trajectory. However, the current indices tell a different picture.

At press time, it was priced at $0.179 after a drop of 3.93 over the past 24-hours. STEEM further registered a market cap of $65.9 million and a 24-hour trading volume of $9.30 million.

Source: STEEM/USD on TradingView

Resistance: $0.297

Support: $0.110

MACD: The MACD line moving above the signal line depicted a bullish trend for STEEM in the near term.

CMF: The CMF lying the bearish territory indicated the outflow of capital from the STEEM market.

Huobi Token [HT]:

Despite this year’s expansion plans of the crypto exchange, Huobi, its native token – HT, has, so far, failed to reciprocate positively. However, there could be trend reversal in the offing.

HT registered a market cap of  $837.2 million and a 24-hour trading volume of $150.3 million, at press time It was valued at $3.71 after a surge of 4.68% over the past 24-hours.

Source: HT/USD on TradingView

Resistance: $4.103, $5.041

Support: $2.394

Parabolic SAR: The dotted markers were below the price candles which indicated a bullish phase for the Huobi Token

Awesome Oscillator: The closing green bars of the AO also aligned with the bulls.

Enjin Coin [ENJ]:

At press time, Enjin Coin [ENJ] was priced at $0.096 after a surge of whopping 7.27% over the last 24-hours. It registered a market cap of $78.93 million and a 24-hour  trading volume of $7.11 million.

Source: ENJ/USD on TradingView

Resistance: $0.146

Support: $0.043

Klinger Oscillator: The KO pictured bears weighing in on the coin’s price in the near-term.

RSI: The RSI, however, was well above the 50-median neutral zone depicting a bullish sentiment among the investors in the ENJ market.


Chayanika is a full-time cryptocurrency journalist at AMBCrypto. A graduate in Political Science and Journalism, her writing is centered around regulation and policy-making regarding the cryptocurrency sector.
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