Ethena (ENA) is currently priced at $0.106774, reflecting a 24-hour decline of 4.05%. The daily trading range has been relatively narrow, with a high of $0.112189 and a low of $0.105975, indicating limited volatility.

The volume of 62,550,253 ENA suggests a moderate level of trading activity, with a volume-to-market cap ratio of 7.12%. The significant decrease in price over various time frames—16.87% over the past week and nearly 39% over the last month—highlights bearish sentiment in the market.

Technical indicators reveal a weak position for ENA; the hourly RSI at 16 indicates oversold conditions, while the 7-day RSI at 42 is nearing neutral territory. Moving averages are also bearish, with the 8 SMA at $0.1087 and the 144 SMA at $0.1157, suggesting that short-term momentum is consistently below longer-term trends.

Fundamentally, the price remains significantly lower than its all-time high of $1.52 reached in April 2024, indicating a potential long-term bearish trend. The sustained downward movement and the current price levels raise concerns about investor confidence and market demand for ENA.

Given the technical indicators, bearish price action, and the substantial decline from previous highs, a Sell rating is warranted. Investors should consider exiting positions to minimize losses, as the current market conditions do not support a recovery in the near term.