Ethena (ENA) is currently priced at $0.2511, reflecting a 4.96% increase over the last 24 hours. The daily price range has been relatively tight, with a high of $0.251853 and a low of $0.238274, indicating strong support levels near the low end of the range.

The trading volume stands at 188,189,477, which corresponds to 9.76% of the market cap, suggesting a healthy level of liquidity for ENA. The recent bullish sentiment is reinforced by hourly moving averages, with the 8 SMA at $0.2464 indicating a positive short-term trend, while the longer-term 144 SMA at $0.2187 shows significant upward momentum over time.

Technical indicators reveal a 1-hour RSI of 71, indicating that ENA is approaching overbought territory, while the 7-day RSI of 62 suggests that it still has some room for growth. The price change over the last week has been robust at 20.64%, alongside a notable 14-day increase of 19.26%, further confirming the upward trend.

Despite a slight decline of 3.57% over the past 30 days, the overall trajectory remains positive, particularly with an all-time high of $1.52 achieved in April 2024. This historical performance could suggest potential for recovery and a continuation of bullish sentiment if current trends hold.

Given the current price action, strong moving averages, and significant recent price increases, the recommendation for Ethena (ENA) is a Buy. The fundamentals support further upward movement, particularly with continued investor interest indicated by the volume and price changes.