Ethena (ENA) is currently priced at $0.114453, reflecting a 24-hour decline of 4.77%. The daily trading range indicates a low of $0.113696 and a high of $0.120419, revealing limited volatility with a daily range of 0.006723%.

Volume stands at approximately 74.2 million ENA, translating to a volume-to-market cap ratio of 7.88%, which suggests a moderate level of trading activity relative to its market capitalization. The short-term moving averages (SMA) are all trending down, with the 8 SMA at $0.1149 showing a 0.38% decrease, indicating that momentum is bearish across multiple time frames.

The 1-hour RSI is currently at 44, which indicates that the asset is nearing oversold territory but has not yet reached it. The 7-day and 14-day price changes of -16.32% and -34.16%, respectively, indicate a strong downward trend, further confirmed by the 30-day price change of -49.48%.

With the all-time high at $1.52 on April 11, 2024, ENA is trading significantly below this level, indicating a 92.5% drawdown. The ongoing downtrend across both shorter and longer time frames suggests a lack of buyer interest and market support, reinforcing the bearish sentiment.

Given the current price action, declining moving averages, and negative RSI readings, the market sentiment remains bearish. Therefore, a cautious approach is warranted, leading to a rating of Sell based on the lack of positive momentum and the recent significant price declines.