Ethena (ENA) is currently priced at $0.111117, showing a 24-hour increase of 2.06575%. The daily range has been relatively narrow, with a high of $0.112995 and a low of $0.106936, reflecting a volatility of 0.006059%.

Volume has reached 120,207,480, which translates to a volume-to-market cap ratio of 13.13%, indicating healthy trading activity. However, the 7-day and 14-day price changes are negative at -8.34% and -12.85%, respectively, suggesting a bearish trend over the short to medium term.

The hourly moving averages present a mixed picture, with the 8 SMA and 13 SMA showing slight upward momentum, while the 55 SMA and 144 SMA are trending downward. The 1-hour RSI at 51 indicates neutral momentum, but the 7-day RSI at 41 suggests that ENA is approaching oversold conditions.

The all-time high for ENA was $1.52 on April 11, 2024, which indicates significant downside from the current price level. The continued decline over the past 30 days of approximately 35.71% further emphasizes the need for caution among traders.

Given the current technical indicators, including bearish moving averages and negative price trends, a cautious approach is warranted. Therefore, the recommendation for Ethena (ENA) is a Hold rating, as traders should wait for a clearer trend reversal before committing to a Buy.