Ethena (ENA) is currently trading at $0.154016, reflecting a significant decline of 10.15% over the past 24 hours. The daily trading range is narrow at 0.019945%, with the price oscillating between a high of $0.174075 and a low of $0.15413.

The volume stands at 158,519,048 ENA, translating to a volume-to-market cap ratio of 12.88%, indicating moderate trading activity relative to its market capitalization. The moving averages reveal a bearish trend, with the 8 SMA at $0.1621 showing a decline of 5%, while the 144 SMA at $0.1702 has decreased by 9.50%.

Technical indicators are also signaling weakness, particularly with the 1-hour RSI at 13, suggesting the asset is oversold in the short term. The 7-day RSI at 42 indicates a lack of momentum, further corroborated by price declines of 11.84% over the past week and 32.09% over the last 14 days.

Fundamentally, ENA is well below its all-time high of $1.52, reached in April 2024, which may imply potential for recovery, but the current downtrend requires cautious evaluation. The sustained price drop over the past month by approximately 24.88% reflects bearish sentiment in the market.

Given the negative price action, low RSI levels, and consistent declines across various timeframes, a Sell rating is warranted at this time. Investors should consider exiting or reducing positions until there are clear signs of trend reversal or stabilization in price action.