ENA → The Ethena spiral has contracted again
→ From macro deviation to breakout plan → the synthetic wave is not yet complete 📉➡️📈
🧱 Project: Ethena → Leader of synthetic income
→ ENA fuels Ethena, the protocol for USDe, a synthetic dollar designed for scalability without centralized fiat support. Its model combines delta-neutral strategies with collateral crypto income, attracting both institutions and users from DeFi.
💠 Key features:
✔️ Real income through BTC/ETH staking
✔️ Permanent hedging through CEX
✔️ Scalable stablecoin model without legacy banks
→ Ethena is not just another synthetic experiment → it is actively shaping a new collateral layer in crypto, with USDe volume and the protocol's TVL continuing to grow.
📊 Checkpoint on the chart → Bullish, but watch the spiral
➤ August opening: $0.5106 → still a monthly green
➤ Deviation: $0.6406 from the July high ($0.7015)
➤ Now support: $0.5792 → testing the mid-range
➤ Key breakout level: $1.1526 → clean horizon from April's high
→ The price has respected the spiral for several weeks. The deviation at $0.6406 coincides with the resistance of the macro trend line. However, the structure is preserved, and dips are still being bought → with key support forming near $0.51 and $0.48.
🔮 Future prospects → Patience before parabolic growth
📌 Below $0.65? Still accumulation.
📌 Clearly $0.7015 and $0.86 will come quickly → then the breakout zone near $1.15.
📌 Narrative activity will flare up again if USDe gains acceptance in CEX or if staking modules become active.
→ Breakout hunters should monitor the macro strength of BTC and the growth of the protocol's TVL → any news regarding Ethena updates = volatility event.
🍸 Final whisper:
→ Ethena was not launched to fade away → it was launched to reformat.
→ ENA may cool down, but this calm could be a stretch before the breakout 🔁🧠
