Ethena (ENA) is currently trading at $0.218853, reflecting a significant 8.10% increase over the past 24 hours. The price movement has been relatively volatile, with a daily range of $0.019678 and a high of $0.2211, indicating strong buying interest after a low of $0.201422.

The trading volume for ENA stands at 117,850,375, which contributes to a volume-to-market cap ratio of 7.00%. This level of volume suggests a healthy interest in the asset, particularly given the recent price uptick, which is further supported by the 1-hour RSI at 87, indicating overbought conditions in the short term.

The moving averages show a bullish trend with the 8 SMA at $0.2135 up by 2.53%, and the 55 SMA at $0.2044 up by 7.08%, reinforcing the upward momentum. However, the 30-day price change is negative at -20.43%, indicating longer-term challenges that could weigh on future performance if not addressed.

Despite the strong short-term performance, the 7-day RSI at 53 suggests that momentum is stabilizing, allowing for further upward movement without immediate overextension. Additionally, the 14-day price change of 9.59% indicates a recovery trend, but traders should be cautious of potential pullbacks given the high 1-hour RSI.

In conclusion, while ENA shows strong short-term performance and bullish indicators, its negative long-term trend and overbought conditions warrant caution. Therefore, the recommendation is to Hold, monitoring for signs of consolidation or a pullback before considering a Buy position.