Why do coins move sideways?
1# Indecision: Traders are waiting for major news or catalysts, such as broader market shifts in Bitcoin.
2# Low Volatility: A lack of significant events can lead to a "wait-and-see" approach.
3# Accumulation: "Whales" (large holders) may be slowly buying ENA without wanting to push the price up too quickly, creating a stable range.
1# Indecision: Traders are waiting for major news or catalysts, such as broader market shifts in Bitcoin.
2# Low Volatility: A lack of significant events can lead to a "wait-and-see" approach.
3# Accumulation: "Whales" (large holders) may be slowly buying ENA without wanting to push the price up too quickly, creating a stable range.