- Enjin Coin Price Expectations: ENJ’s price continues to rise after a 90% jump, amid growing risks of an excessively fast price increase

Enjin Coin’s price rose on Tuesday after recording a gain of more than 90% in the previous week.
The rise in open interest volume, along with an increase in trading volume, points to growing interest among traders.
Market participants should exercise caution, as an overly steep price rise and selling-side dominance may limit further upside.

Enjin Coin’s (ENJ) price continued its climb, trading above $0.045 on Tuesday after gaining more than 90% over the past week . The increase in open interest (OI) and the sharp surge in trading volume suggest sustained demand, but traders should be cautious, as signs of overheating and increased sell-side activity indicate this rally may face resistance in the near term.

- The sharp increase in open interest and trading volume indicates a bullish trend.
CoinGlass data shows that the open interest for Enjin Coin futures on exchanges sharply rose to $72.69 million on Tuesday, compared with $19.64 million on April 7, reaching its highest level since mid-April 2023. The rise in open interest suggests new or additional money flowing into the market and new buying activity, which could help sustain ENJ’s price strength.

ENJ open interest chart. Source: Coinglass

Santiment data shows that trading volume in the Enjin Coin ecosystem (the total trading volume generated by all on-chain trading applications) reached $321.41 million on Tuesday, the highest trading volume since April 2025. This volume increase indicates a significant rise in trader interest and ENJ liquidity, strengthening its positive outlook.

Enjin Coin trading volume chart. Source: Santiment

- Some warning signals
Despite the positive outlook, market participants should exercise caution, as signs of buyer exhaustion have appeared. Brief CryptoQuant data indicates that spot and futures market data suggest increased retail activity, an excessively overheated price increase, and selling-side dominance, supporting a negative outlook for ENJ.
$ENJ ‌