Ethena (ENA) is currently trading at $0.121102, reflecting a 24-hour decline of 5.82%. The daily trading range has been tight, between a high of $0.130351 and a low of $0.118989, indicating low volatility during this period.

The volume stands at 105,173,629, constituting a volume-to-market cap ratio of 10.57%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages show a bearish trend, with the 8 SMA at $0.1235 down 1.93%, and the 13 SMA at $0.1254 down 3.44%, indicating a lack of upward momentum.

The 1-hour RSI is critically low at 23, signaling potential oversold conditions, while the 7-day RSI is neutral at 50, indicating indecision in the market. However, the 14-day price change is significantly negative at -11.73%, suggesting ongoing bearish sentiment over a longer period, alongside a steep 30-day decline of -45.41%.

The all-time high for ENA remains at $1.52, achieved on April 11, 2024, providing a stark contrast to its current price level. This significant drop from the all-time high indicates substantial bearish pressure and may point to a longer-term trend reversal required for recovery.

Given the current technical indicators, particularly the low RSI and recent price action, a cautious approach is warranted. Therefore, the recommendation is to Hold ENA at this moment, observing for signs of stabilization or reversal before considering a Buy position.