Ethena (ENA) is currently priced at $0.249141, experiencing a significant 24-hour decline of 5.64%. The price has fluctuated between a daily high of $0.266518 and a low of $0.245854, indicating a daily range of approximately 2.66%, which reflects moderate volatility in the current trading environment.

The trading volume of 173,131,731 ENA represents 9.03% of the market cap, suggesting active market participation. The hourly moving averages indicate mixed signals; the 8 SMA and 13 SMA show slight upward trends of 0.14% and 0.34%, respectively, while longer-term SMAs (21 SMA at -1.89% and 55 SMA at -2.63%) reveal bearish momentum.

The 1-hour RSI is currently at 41, indicating that ENA is approaching oversold territory, while the 7-day RSI at 49 suggests that it is relatively stable but lacks upward momentum. Furthermore, the 7-day, 14-day, and 30-day price changes show consistent downward trends of -3.30%, -10.82%, and -20.83%, respectively, signaling ongoing bearish sentiment over the short to medium term.

The all-time high of $1.52 reached on April 11, 2024, remains a significant benchmark, suggesting a substantial distance for ENA to recover to previous levels. Given the current technical indicators, including bearish moving averages and declining RSI, the short-term outlook appears challenging.

Overall, the data suggests a Sell rating for Ethena (ENA) as the combination of a recent price drop, bearish trends in moving averages, and negative price changes over various time frames indicate a lack of bullish momentum. Investors should consider exiting or reducing their positions until clearer bullish signals emerge.