$ENA at $0.26 , the bounce has legs.
Synthetic dollar trade is back in focus.Key setup right now: •
Token incentives for USDe are being cut • Buybacks are approved and tied to USDe growth •
First target: $0.30 •
Stretch if USDe supply expands: $0.35 •
Support to hold: $0.24The narrative is shifting from emissions to revenue + buybacks.
If USDe starts growing again, ENA gets a cleaner demand story.
$ENA
Synthetic dollar trade is back in focus.Key setup right now: •
Token incentives for USDe are being cut • Buybacks are approved and tied to USDe growth •
First target: $0.30 •
Stretch if USDe supply expands: $0.35 •
Support to hold: $0.24The narrative is shifting from emissions to revenue + buybacks.
If USDe starts growing again, ENA gets a cleaner demand story.
$ENA