Ethena (ENA) is currently priced at $0.239349, reflecting a significant 24-hour decline of 16.22%. The trading range during this period has been relatively narrow, with a high of $0.286565 and a low of $0.237025, indicating increased volatility and selling pressure.

Volume stands at 271,516,874, which corresponds to a volume-to-market cap ratio of 15.33%, suggesting that trading activity remains high relative to its market capitalization. The hourly moving averages reveal a bearish trend, with the 8 SMA at $0.2524 (down 5.17%) and the 21 SMA at $0.2670 (down 10.35%), indicating that short-term momentum is currently negative.

The 1-hour RSI is at an extremely low level of 12, signaling oversold conditions and potential for a short-term rebound. In contrast, the 7-day RSI at 46 suggests that the asset is nearing a neutral position but remains susceptible to further downside given recent trends.

Over the past week, ENA has seen a price change of -2.15%, while the 14-day change reflects a more substantial decline of -13.18%. The 30-day performance has been particularly concerning, with a drop of -38.07%, highlighting a broader bearish trend in the market.

Considering that the all-time high for Ethena was $1.52 in April 2024, the current price represents a significant discount, but sentiment is currently negative. Given the persistent selling pressure, low RSI levels, and lack of bullish signals from moving averages, a cautious approach is warranted.

Rating: Sell. The strong downward momentum, low RSI, and lack of support at current levels indicate that further declines may be imminent, and entering a position now would be risky until signs of stabilization or recovery are evident.