Ethena (ENA) is currently priced at $0.120342, reflecting a 4.28% decrease over the last 24 hours. The daily trading range shows a low of $0.119631 and a high of $0.12578, indicating limited volatility with a daily range of 0.006149%.

Trading volume stands at approximately 87.5 million ENA, translating to a volume-to-market cap ratio of 8.84%, suggesting moderate interest relative to the market capitalization. The hourly moving averages reveal a consistent downward trend, with the 8 SMA at $0.1209, indicating a 0.46% decrease, and the 144 SMA at $0.1285, down 6.38%, which reflects bearish sentiment.

The 1-hour RSI is at 32, indicating the asset is nearing oversold conditions, while the 7-day RSI of 44 suggests it remains in a bearish phase but is not yet in extreme territory. Longer-term trends reveal significant declines, with a 7-day price change of -13.43%, a 14-day change of -27.83%, and a staggering 30-day change of -47.64%, underscoring persistent selling pressure.

Despite the substantial drop from its all-time high of $1.52 in April 2024, there are no immediate signs of a reversal or recovery in the near term. Given the current price levels, bearish trends, and weak momentum indicators, a cautious approach is warranted.

Based on the analysis of the technical indicators and recent price actions, a Sell rating is recommended. The ongoing downtrend and lack of bullish signals suggest that further declines could occur before any potential recovery.