Ethena (ENA) is currently priced at $0.234678, reflecting a 6.21% increase over the last 24 hours. The daily trading range indicates volatility, with a high of $0.241545 and a low of $0.220936, showcasing a daily range of 0.020609%.

Trading volume stands at 253,284,886, which contributes to a volume-to-market cap ratio of 14.03%, indicating robust trading activity. Short-term moving averages show a bearish trend, with the 8 SMA at $0.2387 (-1.67%) and the 13 SMA at $0.2373 (-1.12%), while longer-term averages, such as the 55 SMA at $0.2188 (+7.25%) and the 144 SMA at $0.2118 (+10.81%), are trending positively.

The 1-hour RSI is neutral at 50, suggesting a lack of momentum in the short term. However, the 7-day RSI at 57 indicates that ENA is nearing overbought conditions, while the 7-day price change of approximately 11% signals positive momentum over the past week.

In the broader context, the 30-day price change shows a significant decline of 19.48%, indicating a longer-term bearish trend. Nevertheless, the all-time high of $1.52 reached in April 2024 highlights substantial potential for recovery and growth.

Given the current market conditions, including positive short-term volatility and longer-term support levels, but also the presence of resistance in short-term moving averages, a cautious approach is warranted. Therefore, the rating for Ethena (ENA) is a Hold, as potential for upward movement exists, but immediate resistance and market sentiment suggest waiting for clearer bullish signals.