Ethena (ENA) is currently priced at $0.129446, reflecting a 6.91% increase over the last 24 hours. The daily trading range has been relatively tight, with a high of $0.130232 and a low of $0.12102, indicating short-term volatility within a narrow band.

The trading volume stands at approximately 97.87 million ENA, corresponding to a volume-to-market cap ratio of 9.19%, suggesting healthy trading activity relative to its market capitalization. The short-term moving averages indicate bullish momentum, with the 8 SMA at $0.1291 and the 13 SMA at $0.1288 both showing upward trends.

The RSI metrics indicate a mixed sentiment; the 1-hour RSI is at 64, suggesting that ENA may be approaching overbought conditions in the very short term, while the 7-day RSI of 57 reflects a more neutral medium-term outlook. Price changes over varying periods show positive movement over the last week (+3.89%), contrasting with declines over the past 14 days (-6.86%) and 30 days (-41.99%), highlighting a potential recovery from a prolonged downtrend.

The all-time high for ENA was recorded at $1.52 on April 11, 2024, which provides a significant upside potential compared to the current price. However, the substantial drop over the past month warrants caution, indicating that while there may be a recovery underway, long-term bearish sentiment still exists.

Based on the current analysis, the recommendation for Ethena (ENA) is to Hold. The recent price increase and the bullish short-term moving averages indicate potential for further gains, but the mixed RSI signals and significant historical declines suggest caution before committing to a Buy.