Ethena (ENA) is currently priced at $0.109694, experiencing a slight decline of 1.48% over the past 24 hours. The price has fluctuated between a daily high of $0.112995 and a low of $0.106936, indicating a narrow trading range of approximately 0.006059%.

The volume of 106,301,224 suggests a robust level of trading activity, with a volume-to-market cap ratio of 11.78%, which reflects healthy liquidity. However, the hourly moving averages show a bearish trend, with the 8 SMA at $0.1109 reflecting a decrease of 1.06%, suggesting continued selling pressure.

The 1-hour RSI is at 31, indicating that ENA is approaching oversold conditions, while the 7-day RSI at 42 suggests a lack of momentum for recovery in the near term. The price has dropped significantly over various time frames, with a 7-day decline of nearly 10% and a staggering 30-day decline of approximately 39%.

The all-time high for ENA is recorded at $1.52, reached on April 11, 2024, which highlights the significant distance from the current price level. With ongoing bearish sentiment and price depreciation across multiple time frames, the technical indicators do not favor a bullish reversal in the immediate future.

Given the current market dynamics, including the negative price trends and the RSI readings indicating weakness, the recommendation is to Hold ENA. This position allows for monitoring potential stabilization or recovery before considering a Buy, as the fundamentals and technical indicators do not support an immediate upward trend.