Ethena (ENA) is currently priced at $0.269118, reflecting a minor 24-hour gain of 0.85618%. The daily price range has been between a low of $0.264524 and a high of $0.292471, indicating limited volatility with a daily range of 0.027947%.

The trading volume stands at 280,477,852, which corresponds to 13.57% of the market cap, suggesting a relatively active market for ENA. However, the hourly moving averages indicate bearish sentiment, with all significant moving averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, and 144 SMA) showing declines between -1.04% to -3.84%.

The 1-hour RSI is notably low at 20, indicating a potential oversold condition, while the 7-day RSI at 47 suggests that the asset is nearing neutral territory. However, the price changes over 7 days (-2.54%), 14 days (-5.85%), and 30 days (-23.69%) point to a consistent downtrend, which raises caution for potential investors.

Ethena's all-time high of $1.52 reached in April 2024 remains significantly distant from the current price, illustrating a 82.3% drop. This drastic decline, combined with ongoing bearish signals in the technical indicators, emphasizes the need for careful consideration before entering a position.

In conclusion, despite the potential for a short-term rebound given the oversold RSI, the overall market trend remains negative with declining moving averages and significant price drop over the past month. Therefore, the rating is a Hold, suggesting that investors should wait for more favorable technical indicators or a clearer bullish reversal before making any buying decisions.