Ethena (ENA) is currently priced at $0.116119, reflecting a 1.78% increase over the past 24 hours. The daily trading range has been relatively narrow, with a high of $0.119071 and a low of $0.113343, indicating limited volatility during this period.

Volume has been robust at 103,799,800 ENA, representing 10.89% of the market cap, suggesting strong trading activity relative to its overall market size. However, the moving averages indicate mixed sentiment, with the 8 SMA showing a slight increase and the 144 SMA indicating a decline, reflecting potential short-term bullishness overshadowed by longer-term bearish trends.

The 1-hour RSI at 41 suggests that ENA is approaching oversold territory, which could indicate a potential rebound. In contrast, the 7-day RSI at 46 is still below the neutral level, pointing to overall weakness in price momentum over the past week.

In terms of price performance, ENA has seen a modest 7-day gain of 0.74%, but this is overshadowed by a significant decline of 24.54% over the past 14 days and a staggering drop of 51.90% in the last 30 days. The substantial distance from the all-time high of $1.52, reached in April 2024, reinforces the ongoing bearish sentiment and the need for cautious trading.

Considering the mixed signals from moving averages and RSI indicators, along with the significant price depreciation over recent months, the outlook for ENA remains uncertain. Therefore, the recommendation is to hold ENA at this time, as potential recovery could occur if buying pressure increases, but the overall trend still leans toward caution due to recent performance metrics.