Ethena (ENA) is currently priced at $0.175501, experiencing a minor 24-hour change of 0.82342%. The daily trading range shows a high of $0.180334 and a low of $0.173005, indicating a tight volatility band of 0.007329%.

The trading volume stands at 122,412,911 ENA, which corresponds to 8.77% of its market cap, suggesting a relatively active market. However, the hourly moving averages indicate a bearish sentiment with all short-term SMAs (8, 13, 21, and 55) showing negative changes, particularly the 144 SMA, which is down 7.91% from its recent values.

Technical indicators are also bearish; the 1-hour RSI is at 40, indicating a potential oversold condition, while the 7-day RSI at 38 suggests continued weakness. Price performance over the last week, 14 days, and 30 days reflects significant declines of approximately -20.89%, -24.52%, and -12.37% respectively, underscoring a downward trend.

Despite the potential for short-term recovery, the overall trend remains negative, with the current price significantly below its all-time high of $1.52 reached on April 11, 2024. Given the bearish indicators, declining RSI values, and the price action, the outlook for ENA is currently weak.

Based on this analysis, a Sell rating is advised due to the ongoing downtrend, negative momentum indicators, and lack of bullish reversal signals in the near term. Traders should consider exiting positions until clearer signs of recovery emerge.