Ethena (ENA) is currently priced at $0.137639, reflecting a minor 24-hour change of 0.15446%. The price has fluctuated between a daily high of $0.142753 and a low of $0.132728, indicating a relatively narrow daily trading range of 0.010025%.

Trading volume stands at 168,644,768, representing 15.46% of the market cap, which suggests active participation in the market. However, the recent downward trend is notable, with a 7-day price change of -20.31% and a staggering -46.34% over the past 30 days, indicating sustained bearish sentiment.

The moving averages reveal a bearish configuration; the 8 SMA is at $0.1365, showing a slight increase of 0.87%, while the longer-term averages indicate a decline, particularly the 144 SMA at $0.1427, which has dropped by 3.53%. The 1-hour RSI is at 39, nearing oversold territory, and the 7-day RSI at 44 suggests weak momentum, further supporting the bearish outlook.

Given the significant price decline over multiple timeframes and the overall bearish moving average trends, it indicates that ENA may continue to struggle for upward momentum. The current price is below key moving averages, which historically serves as resistance levels.

Considering the technical indicators and the negative price action, the recommendation for Ethena (ENA) is to Hold. There may be potential for a reversal if bullish momentum builds, but the current data suggests caution due to the prevailing downtrend and lack of bullish signals.