Ethena (ENA) is currently priced at $0.138545, reflecting a slight decline of 0.48768% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $0.141203 and a low of $0.134153, indicating limited volatility in the short term.

Volume has been substantial at 153,273,677, representing 13.90% of the market cap, which suggests a healthy level of trading activity. However, the recent price action shows a troubling trend, with a 7-day price change of -15.36%, a 14-day decline of -28.24%, and a 30-day drop of -41.69%, signaling bearish momentum.

The hourly moving averages present mixed signals; the 8 SMA and 13 SMA are showing slight upward movements at +1.22% and +0.68%, respectively, while the 21 SMA is flat, and the 55 SMA and 144 SMA indicate significant downward pressure at -3.10% and -11.76%. The 1-hour RSI at 43 suggests that ENA is approaching oversold territory, while the 7-day RSI at 40 reinforces this bearish sentiment.

Given the persistent downtrend over multiple timeframes and the lack of strong buying pressure, the outlook remains cautious. The significant distance from the all-time high of $1.52 reached on April 11, 2024, highlights the extent of the price deterioration and the challenges ahead for recovery.

In conclusion, the current market conditions for Ethena (ENA) indicate a SELL rating. The combination of declining price momentum, negative RSI readings, and resistance at higher moving averages suggest that investors should refrain from entering new positions until clearer bullish signals emerge.