$ENJ at $0.062, are you ready to jump in now?

Some An just delivered its U redemption, with a 24-hour trading volume reaching $660 million, Kallang upgrade launching next month, and capital flowing into the gaming sector— but what about the price? From the high of $0.102, it crashed nearly 40%, RSI from overbought zone at 93 directly dropped to 58, like riding a roller coaster without a seatbelt.

First, look at the surface: bullish signals piling up, but the price is crashing.

Some An listed new trading pairs, Kallang upgrade, 73 games integrated, DAU up 340% month-over-month— which one isn’t a king bomb? But the candlestick chart tells you, ENJ dropped from $0.102 all the way down to $0.058-0.062, a 40% decline. MACD crossed below the signal line, histogram turned negative, technicals are telling you: short-term still needs to be washed out.

First thing: Some An went live, liquidity exploded.

On April 20, Some An officially launched ENJ/U spot trading. 24-hour trading volume hit $660 million, accounting for over 55% of market cap. Top-tier exchange backing, short-term capital is fully flowing in.

Second thing: Kallang upgrade, coming next month.

Mainnet upgrade on May 18, governance optimization, sENJ staking voting, network stability improvements. This is the core upgrade of Enjin Relaychain, directly enhancing token utility and holder rights. The strongest catalyst in the mid-term is right in front of us.

Third thing: gaming sector rotation, capital is shifting.

In March, ENJ hit a low of $0.0174, down 99.6% from the all-time high of $4.85— brutal, right? But in April, it surged over 300%, with 73 games integrated and DAU up 340% MoM. Institutional funds are starting to shift from meme and DeFi into practical gaming tracks. Things that fell 99%— as long as they survive, they’re huge profits.

On one side: Some An listed new trading pairs, Kallang upgrade, sector rotation.

On the other side: price down 40%, technical outlook bearish, geopolitical risks.

Key level: $0.058, the life and death line for bulls and bears.

If you’re a short-term trader: buy low in the $0.058-0.062 range, target $0.073, and after breaking through, look at $0.085-$0.090. If it falls below $0.053, cut losses decisively— don’t hold, break and run.

If you’re a long-term investor: start with light positions now, build in 2-3 batches. Hold $0.058, add more; if it drops to $0.043, add again. Kallang upgrade hasn’t landed yet, what are you rushing for?

This round of the game in the NFT sector, what can turn you around isn’t those meme coins everyone’s shouting about, but assets that have fallen 99%, yet fundamentals remain, and big funds are just starting to enter.

ENJ now is like SOL in March— those who don’t understand think it’s doomed, those who do are quietly adding chips below $0.06. #比特币反弹 $ENJ