Ethena (ENA) is currently trading at $0.255739, reflecting a 24-hour decline of 2.00112%. The daily trading range is narrow, with a high of $0.2678 and a low of $0.255442, indicating limited volatility in recent sessions.

Trading volume stands at 133,242,279, accounting for 8.20% of the market cap, which suggests a moderate level of market activity. The short-term moving averages (8 SMA at $0.2608, 13 SMA at $0.2627, and 21 SMA at $0.2630) all indicate bearish momentum, with declines of 1.93%, 2.64%, and 2.77%, respectively.

The 1-hour RSI is extremely low at 23, indicating oversold conditions, which could suggest a potential short-term rebound. In contrast, the 7-day RSI at 51 reflects neutral market sentiment, while the 14-day price change shows a slight uptick of 1.54%, suggesting some stabilization after a larger 30-day decline of 21.59%.

The all-time high of $1.52, reached on April 11, 2024, shows significant potential for future gains, but current price action reflects a strong downtrend. The current price is approximately 83% below this all-time high, which could attract buyers looking for value.

Given the current market conditions, the bearish short-term indicators coupled with the oversold hourly RSI suggest a potential for a price rebound, although the broader trend remains negative. Therefore, a cautious Hold rating is recommended, with close monitoring for signs of recovery in momentum and volume.