Ethena (ENA) is currently priced at $0.262209, reflecting a modest 24-hour increase of 0.70053%. The daily trading range has been relatively tight, with a low of $0.256777 and a high of $0.266914, indicating some consolidation in price action.

The volume over the last 24 hours stands at 124,531,045, translating to a Vol/Market Cap ratio of 6.17%. This suggests that trading activity is significant relative to its market capitalization, potentially indicating heightened interest among traders.

Analyzing the hourly moving averages reveals a mixed picture; the 8 SMA and 13 SMA are showing positive momentum, while the longer-term 55 SMA and 144 SMA are trending downwards. The 1-hour RSI is at 54, suggesting neutral conditions, while the 7-day RSI at 50 indicates a lack of strong directional momentum.

In the short term, ENA's price has decreased by approximately 7.93% over the past week, but it has seen a recovery of 13.44% over the last 14 days. However, the 30-day performance shows a more significant decline of 15.48%, indicating longer-term bearish pressure.

The all-time high for ENA remains at $1.52, achieved in April 2024, which presents a substantial upside potential from current levels. Given the current technical indicators, including the mixed moving averages and RSI readings, a cautious approach is warranted.

Based on the analysis, the recommendation for Ethena (ENA) is to Hold. The recent positive momentum may indicate a potential for recovery, but the overall trend remains uncertain with significant declines over the longer term. A watchful stance is advisable until clearer bullish signals emerge.