Ethena (ENA) is currently trading at $0.450209, reflecting a 24-hour decline of 2.61%. The price has fluctuated between a high of $0.46519 and a low of $0.443567 in the past day, indicating a daily range of approximately 4.73%.

Trading volume stands at 298,572,287, corresponding to a volume-to-market cap ratio of 9.26%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages (8 SMA at $0.4553, 13 SMA at $0.4566, and 21 SMA at $0.4577) are all indicating bearish trends, with declines of 1.12%, 1.41%, and 1.64% respectively.

The 55 SMA and 144 SMA reveal a more pronounced bearish sentiment, with declines of 6.26% and 6.03%, respectively, pointing to potential resistance around the $0.48 level. Current RSI readings show the 1-hour RSI at 46, suggesting a neutral stance, while the 7-day RSI at 50 indicates a balance between buying and selling pressure.

In the past week, ENA has seen a positive price change of 4.64%, while the 14-day price change of 6.60% further indicates a recovery trend from earlier losses. However, the 30-day price change reflects a significant drop of 21.25%, highlighting a longer-term bearish trend that could affect investor sentiment.

The all-time high for ENA was $1.52 on April 11, 2024, which indicates substantial potential for growth if the market sentiment shifts positively. However, the recent price action and moving averages suggest that ENA is currently facing resistance and may need to consolidate before a bullish reversal.

Given the current bearish indicators and resistance levels, the recommendation is to Hold ENA at this time. Investors should monitor for signs of reversal or bullish momentum before considering new positions or increasing their holdings.