Enjin Coin is showing interesting technical developments on the daily chart. The asset has successfully broken through its descending channel formation, a move that often precedes stronger uptrends. What's particularly noteworthy is the pattern of higher highs now forming in the price action, which typically signals sustained buying pressure.

If this momentum continues, the next wave of buying could push ENJ toward the $0.08 level. That's the key resistance zone traders are eyeing right now. Of course, market conditions can shift quickly, so it's worth monitoring volume and broader crypto market sentiment alongside the price action.

For those tracking altcoin movements, this ENJ setup is definitely one to keep on the radar.