Ethena (ENA) is currently trading at $0.100115, reflecting a 4.03% increase over the past 24 hours. The trading range has been between $0.094338 and $0.102091, with a daily range of approximately 0.77%, indicating a relatively stable price movement within that timeframe.

The volume of 81,257,572 ENA suggests a healthy trading activity, represented by a volume-to-market cap ratio of 9.86%. However, the 7-day RSI stands at 41, indicating that ENA is nearing the oversold territory, which may prompt a rebound in price, while the 1-hour RSI of 81 suggests short-term overbought conditions.

The moving averages indicate mixed signals, with the 8 SMA and 13 SMA showing upward trends, while the longer 144 SMA indicates a downtrend of -4.91%. Notably, the price is currently above both the 8 SMA and 13 SMA, which could support short-term bullish momentum, yet the failure to sustain above the 144 SMA may limit further gains.

In terms of historical performance, the 7-day price change of -16.83%, the 14-day change of -11.47%, and the 30-day change of -39.13% highlight a significant downward trend in recent weeks. This extended bearish trend combined with the current price being far from the all-time high of $1.52 raises concerns about the sustainability of the current price level.

Considering the current technical indicators and market conditions, a cautious approach is warranted. The short-term bullish signals are overshadowed by the longer-term bearish trend, and the recent price actions suggest the potential for further downside risk.

Therefore, the recommendation is to Hold ENA. Monitoring for potential buying opportunities below $0.094 could be prudent, especially if bullish momentum begins to stabilize in the coming days.