$ENA , find out one of the reasons it didn't have a greater increase.
One of the indicators that most influences cryptocurrency volatility is supply and demand.
When demand is greater than supply, the asset tends to appreciate in value, thus increasing its market price.
However, when supply is greater than demand, the opposite of the previous case occurs, the asset tends to depreciate, thus reducing its market price.
$ENA this time came very close to overcoming its resistance when it passed the $1~ mark. It had the potential to go further, but unfortunately, it was unable to do so due to the fact that its offering value began to decline exponentially.
It had the potential to go further, but, unfortunately, one of the biggest culprits in ruining its attempt to surpass itself were the Sellers themselves, who are responsible for defining the offer.
Unfortunately, sellers began to set offers below the value the asset was worth at the time, as a consequence, this caused the currency to devalue. Which is currently worth $0.9~.
If the opposite had happened, in which case people created offers above their market value and the price of offers continued to rise, $ENA would currently be enjoying an increase and overcoming market resistance.
If you are wondering, yes, #ENA still has the potential to surpass its recent high, in the short or long term, you can rest assured. Don't sell if you're going to lose, just be patient and control your emotions. To enjoy the harvest, you first sow and then take care of the seeds, requiring time and patience.
Be patient and always take care of your investments, carrying out the necessary studies and updating yourself whenever possible. The greater your knowledge, the lower the chance of suffering losses.
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I hope I have given you clarity and informative value.
Master hangs up, over!