Ethena (ENA) is currently trading at $0.129262, reflecting a 6.73% increase over the last 24 hours. The daily trading range indicates volatility, with a high of $0.129601 and a low of $0.120592, suggesting active market participation.

The volume of 87,930,004 ENA represents a significant 8.28% of its market cap, indicating healthy trading activity. Short-term moving averages show positive momentum, with the 8 SMA at $0.1255 and a rise of 3.03%, while longer-term moving averages indicate consistent upward trends, particularly the 144 SMA at $0.1173 with a 10.22% increase.

The 1-hour Relative Strength Index (RSI) is at 84, indicating that ENA is currently overbought in the short term. Conversely, the 7-day RSI at 55 indicates a more balanced market condition, suggesting that while short-term enthusiasm exists, the longer-term outlook is stabilizing after a recent decline.

Recent price changes show a slight increase of 2.19% over the past week, but a notable drop of 41.90% over the last 30 days indicates underlying bearish pressure. The all-time high of $1.52, achieved in April 2024, remains a significant benchmark, but the current price is still substantially below this level.

Considering the short-term bullish momentum and the healthy trading volume, there is potential for further gains. However, the high RSI signals caution for short-term traders, while the longer-term price trends may still favor a more conservative approach.

Overall, the recommendation for Ethena (ENA) is to Hold. The short-term uptrend suggests potential for further price appreciation, but the overbought conditions indicate that risk management is crucial for existing positions.