DeFi· ★★★· bullish· September 20, 05:43

ENA climbs 22.67% to $0.199 on fee switch proposal

—ENA rose 22.67% to $0.199, with volume of $0.9 billion, 39% above average
—Catalyst is a fee switch proposal to distribute protocol revenue to holders
—RSI at 73.5 and Bollinger %B at 119.4 indicate extreme overbought conditions
—USDe is diversifying collateral with AAA-rated assets

Why it matters: The fee switch would turn ENA from a speculative token into an asset with cash flow, but overbought conditions raise the risk of a correction.

#ENA

Source: DiarioBitcoin