Ethena (ENA) is currently priced at $0.210195, reflecting a 5.46% increase over the last 24 hours. The daily trading range indicates volatility, with a high of $0.213338 and a low of $0.198892, suggesting short-term bullish momentum.

Volume stands at 110,754,958, representing a 6.85% share of the market cap, indicating healthy trading activity. The hourly moving averages show that the 8 SMA has crossed above the 13 and 21 SMAs, indicating a potential short-term upward trend, particularly as the 55 SMA also aligns positively.

The 1-hour RSI is at 42, signaling that ENA is nearing an oversold condition, which could suggest buying opportunities if it begins to turn upward. In contrast, the 7-day RSI at 50 indicates a neutral sentiment, while the 14-day and 30-day price changes of -15.32% and -25.35%, respectively, indicate a longer-term bearish trend that may be stabilizing.

Comparing ENA's current price to its all-time high of $1.52 reached on April 11, 2024, reveals significant downside potential, suggesting that the asset has not yet recovered from prior losses. The recent price action shows a potential reversal, but the overall trend suggests caution, as longer-term indicators remain weak.

Given the current data, the recommendation is to Hold. While short-term indicators show potential for a price increase, the longer-term trend remains negative, and the current price is significantly lower than historical highs, indicating that while there may be opportunities for profit, the risks of holding are elevated.