🔷️ On the daily timeframe, #ENA has broken its descending trendline and is currently retesting the breakout zone. This level is technically significant. If the price holds here, the yellow lines on the chart indicate potential resistance areas to watch.

$ENA stands out not only for its chart structure but also for its fundamentals. Built on Ethereum, Ethena issues a synthetic stablecoin called USDe, designed to maintain its peg without relying on traditional banking systems. It achieves this through a delta-hedging strategy, and also offers a stakable version, sUSDe, which provides yield. The ENA token plays a role in governance and ecosystem incentives. Backed by strong investors like Binance Labs and Arthur Hayes, Ethena has quickly positioned itself among the largest stablecoin issuers in the space.

‼️ This is not investment advice.

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