Ethena (ENA) is currently trading at $0.097223, reflecting a 24-hour decline of 3.09%. The daily price range has fluctuated between a low of $0.094338 and a high of $0.100322, indicating a relatively tight trading environment with a daily range of 0.005984%.

Volume for the past 24 hours stands at 80,405,485, with a volume-to-market cap ratio of 10.06%, suggesting moderate trading activity in relation to its market capitalization. The hourly moving averages show mixed trends; while the 8 SMA and 13 SMA are trending upward, the 55 SMA indicates a decline of 2.17%, and the 144 SMA reflects a more substantial drop of 9%, underscoring bearish sentiment in the longer term.

The Relative Strength Index (RSI) readings are indicating potential weakness, with the 1-hour RSI at 45, signaling near neutral territory but not quite overbought or oversold. The 7-day RSI is more concerning at 38, suggesting that ENA is approaching oversold conditions, which typically indicates that a reversal could be imminent, but sustained weakness is also possible.

Looking at the price changes over various time frames, the 7-day price change is down 19.39%, the 14-day change is down 15.16%, and the 30-day change is significantly worse at down 42.67%. This persistent downtrend reinforces bearish sentiment and suggests that market participants have been selling off ENA consistently over the past month.

The all-time high for ENA stands at $1.52, achieved on April 11, 2024, which highlights significant potential for recovery if bullish momentum can be regained. However, given the current technical indicators and recent performance trends, there is a clear lack of buying pressure.

Considering all of the above data, a Sell rating is warranted for ENA at this time. The bearish momentum, declining moving averages, and overbought conditions in multiple time frames indicate a lack of strong upward potential in the near term, suggesting investors should consider exiting positions.