Ethena (ENA) is currently trading at $0.23252, reflecting a minor decline of 0.98% over the past 24 hours. The daily trading range has been between $0.229054 and $0.240525, indicating a relatively tight price action with a 24-hour volume of approximately 156.47 million ENA, representing 8.46% of its market cap.

The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.2351 showing a decline of 1.09%, and the 13 SMA at $0.2340 down by 0.65%. Longer-term indicators like the 144 SMA at $0.2428 reveal a drop of 4.23%, suggesting resistance around that level and a lack of upward momentum.

The Relative Strength Index (RSI) for both 1-hour and 7-day periods sits at 49, which indicates a neutral market sentiment and a balance between buying and selling pressure. Over the past week, ENA has experienced a price drop of approximately 1.90%, while the 14-day change shows a more favorable increase of 10.62%, indicating some recovery potential.

Despite a significant decline of 13.49% over the past 30 days, the recent price movement indicates a consolidation phase around the current levels. The all-time high for ENA at $1.52, reached on April 11, 2024, provides a long-term target, yet current price action suggests significant resistance must be overcome to reach those levels again.

In conclusion, given the current technical indicators, volume metrics, and recent price trends, a cautious Hold rating is appropriate for Ethena (ENA). While there are potential recovery signs in the 14-day change, the bearish short-term signals and proximity to the lower end of the recent range warrant a wait-and-see approach before considering further investments.