Ethena (ENA) is currently trading at $0.139194, experiencing a significant decline of 7.48% over the last 24 hours. The asset has seen a daily range from a high of $0.150449 to a low of $0.128709, indicating volatility within this period.

Volume has surged to 288,409,766, representing 26.04% of the market cap, suggesting increased trading activity, likely driven by the recent price drop. The hourly moving averages show mixed signals, with the 8 SMA and 13 SMA indicating slight upward trends while the 55 SMA and 144 SMA reflect bearish momentum.

The 1-hour RSI is neutral at 53, indicating a balance between buyers and sellers, whereas the 7-day RSI at 41 suggests the asset is approaching oversold territory. The 7-day price change of -19.67% along with 14-day and 30-day declines of -36.10% and -36.66% respectively indicate a persistent downward trend over a broader timeframe.

Given that ENA's all-time high stands at $1.52 from April 2024, the current price reflects a significant depreciation, raising concerns about potential recovery. However, the recent volume spike could signify capitulation, potentially setting the stage for a short-term rebound.

Considering the mixed signals from moving averages and RSI indicators, alongside substantial losses in recent weeks, the recommendation for Ethena (ENA) is to Hold. This position allows investors to assess whether the current volatility stabilizes and if the asset can regain momentum before making any further commitments.