Ethena (ENA) is currently trading at $0.108347, reflecting a significant 9.68% increase over the past 24 hours. The price has demonstrated volatility within the daily range, hitting a high of $0.10859 and a low of $0.097653, indicating a tight trading band of approximately 10.93%.

Trading volume stands at 90,828,085, representing 10.19% of the market cap, suggesting strong interest and liquidity in the asset. The hourly moving averages show a bullish trend across all periods analyzed, with the 55 SMA at $0.0986 indicating an upward momentum of 9.85%, reflecting a healthy short-term buying interest.

The 1-hour RSI is at 83, indicating the asset is in overbought territory, which may signal a potential pullback in the near term. In contrast, the 7-day RSI is neutral at 50, reflecting a lack of clear directional bias over a longer timeframe, while the 14-day and 30-day price changes indicate bearish trends of -1.29% and -34.99%, respectively.

The current price remains significantly below its all-time high of $1.52, achieved on April 11, 2024, indicating substantial upside potential if market conditions improve. However, the recent negative price changes over the last month suggest that the market sentiment may be cautious, particularly for longer-term investors.

Given the mixed signals from both the RSI indicators and recent price movements, a cautious approach is warranted. The strong short-term price increase coupled with overbought conditions suggests a potential pullback, while the lack of momentum in the 7-day RSI indicates uncertainty.

Therefore, the recommendation for Ethena (ENA) is to Hold. This stance allows investors to reassess market conditions while monitoring for a potential correction or further upward momentum in the coming days.