$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.
