$ENA broke out from inverse Head & Shoulder pattern and undergoing a retest at neckline $0.94. A good zone to bid with clear invalidation level. A successful retest = Higher!

Fundamentals:

- USDe supply is now > Solana's total$ stablecoin.

- Ethena currently generate the most revenue as a web3 app.

- Short positioning is at risk of a squeeze.

@Ethena Labs #altcoin #stablecoin