Ethena (ENA) is currently priced at $0.113473, reflecting a significant 14.52% decline over the past 24 hours. This drop is part of a broader bearish trend, with the cryptocurrency down 55.12% over the last 30 days, indicating substantial selling pressure.

The daily trading range has been relatively tight, with a low of $0.104081 and a high of $0.132798. The volume of 361,278,023 suggests active trading, although the volume to market cap ratio of 38.68% indicates that selling may be outpacing buying interest, further contributing to downward price momentum.

Technical indicators reveal that all short-term moving averages (8 SMA, 13 SMA, 21 SMA) are indicating negative trends, with the 55 SMA showing a 14.49% decline. The 1-hour RSI is extremely low at 14, signaling potential oversold conditions, while the 7-day RSI at 39 suggests bearish momentum may still dominate in the near term.

Fundamentally, the price has lost approximately 35.96% over the past 14 days, indicating ongoing negative sentiment among investors. The all-time high of $1.52 reached in April 2024 seems increasingly distant, casting doubt on the asset's ability to recover in the short term.

Given the combination of a bearish technical outlook, weak momentum indicators, and significant recent losses, the current market sentiment appears overwhelmingly negative. Thus, the recommendation for Ethena (ENA) is to Sell, as further declines are likely unless significant bullish catalysts materialize in the near future.