ENA: Trader Favors EthenaPay Cashback at Token2049

ENA gained fresh attention after trader @peterhch detailed his week-long test of EthenaPay at Token2049, praising the automatic 5% cashback in ETH and clean UI versus ether_fi lockups and reduced perks.

With price testing upper Bollinger resistance at $0.25 while RSI(14) holds neutral at 44.62, the 4h structure keeps EMA50 at $0.24 as immediate resistance and EMA200 at $0.20 as deeper support; a clean break above the band could extend toward volatility exhaustion before any retracement to the $0.23 lower band, supporting the trader's ENA accumulation ahead of expanded Ethena Pay access.