I do not know if my #ANALYSIS is correct or not, but I believe that the decline in the price of ENA is intentional and has a goal, and I will talk about that in the following lines.
Do not worry, the goal of not increasing the price is not negative, but positive!!
#ENA coin is a new currency and has gained a good community though. The price of ENA was initially $0.57 and it quickly rose to above $1 until it reached the price of $1.30, but after that it declined and the price now fluctuates between $0.9 to $1.05.
Everyone is confused! Some of them are afraid and sell at a cheap price and lose part of their money to avoid a major loss, and some of them are working in the middle and are now selling at a price of $1.04 and buying again at a price of $0.93. And some of them are still holding $ENA and do not want to sell! Rather, some they buy more as it decreases.
By looking at the things that are happening now, it may make us understand why the price is not rising much?!
Simply because there is a new coin $SAGA in the #farming stage on Binance Launchpool!
If the price of ENA rises now, many people may sell with the aim of entering into #SAGALAUNCHPOOL farming, and this may make ENA fall quickly, and it will not be the rise that the ENA team and community are planning.
This may create confusion and fear among people who did not sell, and this will harm the reputation of the currency and will also disturb the positive energy of its community.
I am one of the people who invested in ENA and I still keep what I bought and am not thinking about selling. At the same time, I invested an almost similar amount in SAGA farming and I do not want to withdraw from either of these currencies.
I am optimistic about the ENA currency and I will not sell what I have now. I was one of the first people to subscribe to the ENA farming launchpad, so I am really holding on to this currency and I hope that its future will be bright. The same opinion will also be for the new SAGA currency.
I really understand what is happening now and how confused people are, but be optimistic so far things are good!
Note: What you have read now is just my personal opinion and personal analysis. I am not a financial expert. I am someone like you. I am now investing in ENA and SAGA currency. Do not take my words seriously and make your own decision.
GOOD LUCK!!