ENJ, FIL, BAT Lead CoinMarketCap’s Top Gainers with Bullish Momentum

Enjin Coin (ENJ), Filecoin (FIL), and Basic Attention Token (BAT) have shown the most significant degree of bullish momentum over the past 24 hours. CoinMarketCap lists these currencies as the best performers due to their bullish momentum as of the time of publication.

ENJ/USD

Despite early dominance by bullish momentum, the Enjin Coin (ENJ) market experienced a short-term correction, bringing the price down to a 24-hour low of $0.4145. Finding sanctuary at the day’s low, bulls quickly regained market control and drove the price to a new 30-day high of $0.4958.

As of this writing, ENJ had risen 15.94% from its day-before-to-day low price to a price of $0.4845. If the bullish force remains strong and $0.4958 is broken, the next resistance level that could draw more buyers and push the price even higher is the $0.50 psychological barrier. In the event that bears regain control, however, a retracement to the $0.45 support level is possible.

Traders flocked to the market as sentiment became optimistic, driving the market cap up by $15.46% to $483.503.806 and the 24-hour trading volume up by 114.0.16% to $423.431.363. This action indicates that investors see promise in the market and are willing to take calculated risks in pursuit of profit.

FIL/USD

Despite the bull-bear tug experienced during the day in the Filecoin (FIL) market, it has managed to come in second on Coinmarketcap’s list of top gainers. The FIL price fluctuated between a 24-hour high and low of $6.00 (7-day high) and $5.52 through these oscillations. As of press time, the bullish hand remained strong, with FIL trading at $5.91, a 5.48% increase that offered a promising start to the week for FIL holders expecting a continued higher trend in the coming days.

If the 7-day high of $6.00 is broken, it might signify the start of a new bullish run for FIL, with the next resistance level at $6.50 a possible target for traders and investors. If the price does not break through $6.00, we may see a short-term corrective or consolidation before any further upward advance.

During the upturn, the market capitalization increased by 5.50% to $2,440,179,997, while the 24-hour trading volume increased by 96.94% to $237,304,943. This action signals a considerable boost in investor interest and trusts in the market, which could lead to additional growth and good momentum in the near future.

BAT/USD

Bulls in Basic Attention Token (BAT) have been yearning to seize control, and bears’ attempts to do so have failed since support was established around $0.283. Bullish pressure lifted the BAT price from its 24-hour low and propelled it to $0.2981 before encountering resistance. As of this writing, the bulls had won, and BAT’s price was $0.2941, up 2.80%.

If the bulls continue to gain strength and break through the $0.2981 hurdle, the next resistance levels might be $0.3050 and $0.3120, respectively. However, if the bears seize control and knock the price below the present support level of $0.283, the next support levels to watch are $0.2800 and $0.2750.

During the recovery, the market capitalization and 24-hour trading volume increased by 2.85% and 17.56%, respectively, to $436,999,350 and $55,679,015, respectively. This increase indicates that investors are restoring trust in the market and actively purchasing back into the asset, signaling a favorable trend for the foreseeable future.

In conclusion, the bullish momentum of ENJ, FIL, and BAT proves that investors are still seeking profitable opportunities in the cryptocurrency market.