Ethena (ENA) is currently trading at $0.115185, reflecting a slight decline of 0.89708% over the past 24 hours. The daily price range shows a high of $0.122206 and a low of $0.114808, indicating volatility but a lack of upward momentum as it remains below key moving averages.

Volume stands at 88,037,594 ENA, with a volume-to-market cap ratio of 9.29%, suggesting moderate trading activity relative to its market capitalization. The moving averages indicate a bearish trend, with the 8 SMA at $0.1190 and declining, which adds to the downward pressure observed in the short term.

The 1-hour RSI is at 29, signaling that ENA is oversold in the immediate term, while the 7-day RSI at 42 indicates weak momentum but not yet in the oversold territory. Over the past week, ENA has dropped by approximately 16.44%, and its performance worsens over longer time frames, with a 14-day decline of 31.12% and a 30-day drop of 50.07%.

Given the significant distance from its all-time high of $1.52 reached in April 2024, the current price is experiencing substantial pressure and a bearish trend. The ongoing negative price changes and the positioning of the RSI suggest continued selling pressure may persist in the near future.

Based on the current technical indicators and the overall bearish sentiment surrounding ENA, a Sell rating is warranted. Investors should consider exiting positions or avoiding new entries until clearer signs of recovery or stabilization emerge.