Ethena (ENA) is currently priced at $0.153526, having experienced a 24-hour decline of 7.01%. The daily range has been relatively tight, fluctuating between a high of $0.165097 and a low of $0.150956, indicating a bearish trend over the last day.

Trading volume stands at 195,487,152, representing 15.99% of the market cap, which suggests a significant level of activity despite the price drop. The hourly moving averages reveal a consistent downtrend, with the 8 SMA at $0.1550 down 0.97% and the 55 SMA at $0.1667 down 7.89%, signaling continued selling pressure.

The 1-hour RSI is currently at 40, indicating that ENA is nearing oversold conditions but has not yet reached this threshold. The 7-day RSI at 42 also supports this notion, suggesting a lack of strong buying momentum, and both the 7-day and 14-day price changes reveal a broader bearish sentiment, with declines of 13.16% and 31.12%, respectively.

Comparatively, the 30-day price change shows a decline of 24.41%, reinforcing the overall negative trend for ENA. With an all-time high of $1.52 reached on April 11, 2024, the current price reflects a significant retracement, highlighting the potential for a recovery but also increased risk.

Given the technical indicators, including multiple moving averages trending downward and RSI values indicating weakening momentum, it is prudent to adopt a cautious approach. Therefore, the recommendation for Ethena (ENA) is to Hold, as the current price indicates potential support near the recent low but lacks a strong confirmation for a rebound at this time.