Ethena (ENA) is currently priced at $0.284023, reflecting a 1.28% increase over the past 24 hours. The price has fluctuated within a daily range of $0.016286, hitting a high of $0.293739 and a low of $0.277453, suggesting moderate volatility.

Trading volume stands at approximately 231.71 million ENA, representing 10.94% of the market cap, indicating a healthy level of trading activity. The 8-period simple moving average (SMA) at $0.2808 shows a bullish sentiment with a 1.14% increase, while the 13 SMA at $0.2843 is slightly bearish at -0.10%, signaling mixed short-term trends.

The 1-hour Relative Strength Index (RSI) is at 36, suggesting that the asset is approaching oversold conditions, while the 7-day RSI of 57 indicates that ENA is nearing overbought territory in the medium term. Recent price changes show a significant 20.83% increase over the past week, though the 30-day change of -36.08% highlights a long-term downward trend.

Ethena's all-time high of $1.52 was reached on April 11, 2024, indicating substantial room for growth. The current price is approximately 81.3% below this peak, suggesting potential for recovery if market conditions improve.

In conclusion, the mixed short-term indicators paired with a strong weekly performance suggest that ENA may be undervalued at its current price. Given the recent upward momentum and the proximity to oversold levels, a Buy rating is warranted for traders looking to capitalize on potential short-term gains while keeping an eye on longer-term trends.