Verasity (VRA), Chromia (CHR), and Enjin (ENJ) Await Yet Another Parabolic Move?

The post Verasity (VRA), Chromia (CHR), and Enjin (ENJ) Await Yet Another Parabolic Move? appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide

The crypto market’s November resurgence resumed continuing on Saturday. The total market cap of cryptocurrencies has reached $2.6 trillion market cap yet again with a revival of 3.16% profits in 24 hours. Notably, the top-tier altcoins such as Bitcoin, Ethereum, and Solana are back in the saddle with 2.26%, 3.18%, and 4.18% profits round the clock. Appropriately, altcoins such as Verasity (VRA), Chromia (CHR), and Enjin (ENJ) with up to snuff market cap await yet another parabolic move. 

Verasity (VRA) :  

The second half of the quarter has fetched incredible gains for Verasity (VRA) price. The altcoin has generated consecutive higher lows since June. In its past three bull cycles, the VRA has formed successive higher lows at $0.009322, $0.0314, and $0.05451. The past price trend displays the altcoin’s rapid volatility. Yet the positive gains in each cycle hints at sustainable growth in the price action. 

The altcoin has been gaining its strength between $0.055 to $0.65 post claiming its new ATH of $0.8683 on 1st November. The altcoin has been trading at $0.06401 at the press time with 12.92% gains in 24 hours. As the RSI factor hovers around a bullish territory, with yet another 15 to 20% jump VRA price could claim new ATH. On the contrary, if sellers come up in large numbers, then the price would settle at $0.0452. 

Chromia (CHR): 

Chromia, an open-source public blockchain has experienced exponential growth from early 2021. The CHR price has recently confirmed its second parabolic move of the year with a more than 200% surge from $0.5 to $1.46 at the press time. On the other hand, the RSI factor is hovering at its ATH of 75.85, indicating an oversold scenario. If an unexpected sell-off occurs in the next couple of hours, then Chromia would correct around $0.6 if it fails to gain strength around $0.7503. The altcoin would spike by another 10 to 13%, providing surge in the community interest. 

Enjin (ENJ): 

Enjin coin is one of the top coins which has been supervening the Metaverse season. The ENJ price succeeded in oppressing the bearish rule post-Facebook’s rebrand to Meta. The trend reversal to Meta led to the parabolic move of the asset from $1.1 to $2.8. However, with a short retest at $3.02, the asset eyes for yet another parabolic move. The technical indicator RSI factor slides across the oversold territory, further continuation in the trend would drop the price between $2.8 to $2.5. As the asset has been moving within a converging uptrend channel, a breakout could uplift the price up to $5. 

Collectively, as global crypto space manifests for yet another bull cycle with substantial gains. The aforementioned coins hold a tangible strength to captivate a larger user base in the upcoming rally.