Ethena (ENA) is currently priced at $0.289244, reflecting a 2.70% increase over the last 24 hours. The asset has demonstrated volatility with a 24-hour high of $0.295457 and a low of $0.278265, resulting in a daily range of 0.017192%.

Trading volume stands at 258,564,884 ENA, indicating robust market activity, with a volume-to-market cap ratio of 12.03%. This suggests a relatively high level of liquidity, which can support further price movements in the short term.

The hourly moving averages indicate a bullish trend, with the 8 SMA at $0.2852 showing a 1.43% increase and the 13 SMA at $0.2840 up by 1.86%. The longer-term 144 SMA has also risen significantly by 9.48%, suggesting increasing buying pressure.

Technical indicators reveal that the 1-hour RSI is at 55, suggesting neutral momentum, while the 7-day RSI at 59 indicates a slight bullish sentiment. However, the price change over the last 30 days shows a decline of 37.36%, signaling potential resistance at higher levels.

Ethena's all-time high remains at $1.52, reached in April 2024, which provides a substantial upside potential from the current price level. With a 7-day price increase of 24.31%, the asset has regained some traction, indicating a possible trend reversal.

Given the current technical indicators, bullish short-term movement, and potential for recovery, a Buy rating is appropriate. Investors should look for confirmation of upward momentum, particularly if ENA surpasses the recent high of $0.295457.