Ethena (ENA) is currently priced at $0.17221, reflecting a minor 24-hour change of 0.41407%. The daily trading range has been relatively tight, with a high of $0.17584 and a low of $0.166826, indicating low volatility in the short term.

Volume stands at approximately 132.79 million ENA, translating to a volume/market cap ratio of 9.69%, suggesting decent trading activity relative to its market capitalization. The recent price trends indicate a bearish sentiment over the past week, with a 7-day price change of -4.40% and a more pronounced drop of -28.89% over the last 14 days.

From a technical perspective, the hourly moving averages present mixed signals; the 8 SMA and 13 SMA are indicating slight bearish momentum, while the 21 SMA and 55 SMA show positive trends. The 1-hour RSI is neutral at 50, and the 7-day RSI is slightly below 50 at 49, reflecting a lack of strong buying or selling pressure.

The price has significantly underperformed relative to its all-time high of $1.52 reached in April 2024, indicating a considerable downtrend and potential for further correction if current market conditions persist. Given the recent negative price changes over multiple time frames and the neutral to bearish indicators from moving averages and RSI, the immediate outlook appears cautious.

In conclusion, the analysis suggests a Hold rating for Ethena (ENA) at this time. The price is currently stabilizing, but the bearish trends and lack of momentum indicators suggest that waiting for clearer signs of a reversal or further confirmation of support levels would be prudent before considering any new positions.