Ethena has a median APY of 12.2% with a negative USD inflows to the platform.Meanwhile, the number of developers and developers commit is also very low for this platform. The total staked portion of the ENA has also been taking a hit and has reached to 13% as per the data provided by Dune analytics.
ENA/USDT Chart Analysis Update
XETR:ENA has just made a significant move, breaking through the resistance line of a bullish flag pattern. This breakout is a crucial indicator of potential upward momentum in the near future.
Breakout Point: $0.89 ✅
We're now watching closely for a retest of the breakout level to confirm the strength of this move. If the retest...