Ethena (ENA) is currently priced at $0.095349, reflecting a significant decline of 11.05% over the past 24 hours. The price has fluctuated between a high of $0.107191 and a low of $0.095402 within the same period, indicating high volatility.

The trading volume for ENA stands at approximately 98,985,065, with a volume-to-market cap ratio of 12.59%, suggesting a moderate level of trading activity relative to its market capitalization. However, the downward price trend over the past 7 days (-14.62%), 14 days (-22.84%), and 30 days (-42.22%) indicates persistent selling pressure.

Technical indicators reveal that the short-term moving averages (8 SMA at $0.1031, 13 SMA at $0.1027) are significantly below the current price, reflecting bearish sentiment. The hourly RSI at 26 suggests that ENA is oversold in the short term, while the 7-day RSI at 46 indicates it may be approaching a neutral zone.

Given the sharp decline in price and the substantial bearish trends in both the short and medium-term timeframes, the current market sentiment for ENA appears negative. The resistance levels indicated by the moving averages suggest that any recovery attempts may face significant challenges, particularly near $0.1031.

In conclusion, given the current price action, bearish momentum, and oversold conditions, the recommendation for Ethena (ENA) is to Hold. Investors should monitor for potential reversal signals or changes in market sentiment before considering any buy positions.