Ethena (ENA) is currently priced at $0.240223, reflecting a modest 1.08% increase over the past 24 hours. The daily trading range has been tight, with a low of $0.234664 and a high of $0.248207, indicating a relatively stable market environment.

The trading volume stands at approximately 156.28 million ENA, which represents 8.77% of its market cap, suggesting robust trading activity relative to its size. Moving averages indicate mixed trends; while short-term averages (8 SMA, 13 SMA) are showing slight positive momentum, the longer-term average (144 SMA) is down by 4.46%, reflecting bearish sentiment over a more extended period.

The 1-hour RSI is at 52, indicating a neutral position in the short term, while the 7-day RSI at 47 suggests that ENA is approaching oversold territory. However, the negative price changes over the last 7, 14, and 30 days, at -14.83%, -29.40%, and -48.37% respectively, highlight a significant downtrend that investors need to be cautious of.

The all-time high for ENA was $1.52 on April 11, 2024, which indicates that the asset has substantial room for recovery. However, the current price remains significantly below this peak, reflecting ongoing bearish sentiment and potential resistance levels around the previous highs.

Considering the current technical indicators, the mixed short-term moving averages, and the bearish trend over the last month, the recommendation is to Hold ENA. Investors should closely monitor market conditions and sentiment, as a breakthrough above the 144 SMA could signal a potential reversal, while a continued decline may necessitate a reevaluation of positions.