Ethena (ENA) is currently priced at $0.218342, reflecting a slight decline of 0.69937% over the last 24 hours. The asset has experienced a daily range of $0.006497, with a high of $0.223755 and a low of $0.217258, indicating relatively low volatility in the short term.

Trading volume stands at approximately 94.14 million ENA, resulting in a volume-to-market cap ratio of 5.42%. This suggests moderate liquidity; however, the recent price performance indicates a bearish sentiment, particularly with the 7-day RSI at 47, nearing the neutral zone but still not indicating strong momentum.

The hourly moving averages show a consistent downtrend, with the 8 SMA at $0.2207 and the 144 SMA at $0.2267 reflecting a significant -3.68% decline. The fact that all short-term SMAs are negative further indicates a persistent bearish trend, which could lead to further downside pressure if the price does not stabilize.

In terms of price changes, ENA has seen a notable -4.17% drop over the past week and a -9.32% decline over the last 14 days. In contrast, the 30-day price change of +12.65% suggests that the asset has been more resilient over a longer timeframe, hinting at potential recovery if broader market conditions improve.

Considering the overall technical indicators and recent performance, ENA is currently positioned in a bearish phase with low momentum. However, given its significant historical high of $1.52, there could be potential for rebound if buying interest returns.

Rating: Hold. The bearish short-term indicators suggest caution, but the historical resilience over the longer term warrants monitoring for potential entry points if price stabilization occurs.