Ethena (ENA) is currently trading at $0.111519, reflecting a 24-hour change of -2.25%. The price has exhibited volatility within the daily range of $0.007464, with a high of $0.114723 and a low of $0.107259.

Trading volume stands at 89,538,372, translating to a volume-to-market cap ratio of 9.83%, indicating moderate liquidity. The hourly moving averages show mixed signals; the 8 SMA and 13 SMA suggest slight upward momentum, while longer-term SMAs (55 SMA and 144 SMA) indicate a bearish trend, highlighting resistance at $0.1160 and $0.1205 respectively.

The RSI metrics reveal a lack of strong momentum, with both the 1-hour and 7-day RSI at 45, suggesting that ENA is neither overbought nor oversold. The 7-day price change is down 3.43%, and the 14-day change shows a decline of 2.29%, while the 30-day change highlights a significant drop of nearly 39%, pointing to a longer-term bearish trend.

Given that ENA has yet to regain previous highs, with the all-time high at $1.52 set in April 2024, the current price is significantly lower than its potential. The combination of short-term bearish indicators and negative momentum across various timeframes suggests that there may be further downside risk in the near term.

Considering the technical indicators and current price action, a Sell rating is warranted. Short-term traders should be cautious, while long-term holders may want to consider re-evaluating their positions until clearer bullish signals emerge.