Ethena (ENA) is currently trading at $0.221157, reflecting a slight decline of 0.43% over the last 24 hours. The price has oscillated between a high of $0.223755 and a low of $0.219168 during this period, indicating a daily range of just 0.004587%.

Trading volume stands at 95,708,848, contributing to a market cap volume ratio of 5.44%. Short-term moving averages show mixed signals, with the 8-period SMA at $0.2216 down 0.18%, while the 13 and 21 SMAs are marginally positive, indicating some short-term buying interest. However, the 55 SMA and 144 SMA are both trending downward, suggesting a bearish sentiment in the medium to long term.

The 1-hour RSI is at 56, suggesting neutral momentum in the immediate term, while the 7-day RSI at 48 indicates a lack of clear trend direction. In terms of price movement, ENA has experienced a 3.94% decline over the past week and a more significant drop of 6.14% over the last 14 days, although it has gained 14.69% over the past month, showing some recovery potential.

The all-time high of $1.52 was reached on April 11, 2024, indicating that ENA has significant room for growth if market conditions improve. The current price level, combined with the recent volume and RSI indicators, suggests that ENA is currently trading below its potential value, creating an opportunity for buyers.

Given the mixed technical indicators but overall potential for recovery, a cautious Buy rating is recommended. The recent price action and volume suggest a possible rebound, especially if momentum builds over the next few trading sessions.