Ethena (ENA) is currently trading at $0.139053, reflecting a slight decline of 0.59656% over the last 24 hours. The daily price range has been narrow, oscillating between a high of $0.14403 and a low of $0.136921, indicating low volatility in the short term.

Volume has been robust at 121,000,870, translating to a Vol/Market Cap ratio of 10.92%, suggesting active trading interest. However, the negative price momentum is evident with a significant 7-day price change of -16.44%, a 14-day decline of -24.86%, and a 30-day drop of -43.22%.

The moving averages reveal a mixed technical picture: the 8 SMA and 13 SMA are showing slight upward trends, while the 21 SMA and 144 SMA indicate downward pressure. The 1-hour RSI is at 42, suggesting a neutral to slightly bearish sentiment, while the 7-day RSI at 39 indicates that ENA is nearing oversold conditions.

The all-time high for ENA stands at $1.52, reached on April 11, 2024, which highlights significant room for recovery. However, the current price is substantially below this level, reflecting bearish sentiment and the need for a reversal for bullish prospects.

Considering the current technical indicators and the ongoing bearish trend, a cautious approach is warranted. The lack of a strong recovery signal and continued price declines suggest that investors should adopt a Hold position, monitoring for signs of stabilization or reversal before making further commitments.