Ethena (ENA) is currently priced at $0.139555, experiencing a 24-hour decline of 4.0009%. The daily trading range has been relatively tight, with a high of $0.145372 and a low of $0.128709, indicating some volatility but overall lack of momentum.

Volume stands at approximately 281 million ENA, which represents a significant 25.32% of its market cap, suggesting strong trading activity relative to its overall market size. The hourly moving averages present a mixed picture; while the 13-period SMA indicates slight upward momentum, longer-term SMAs show bearish trends, particularly the 144 SMA, which is down 12.43%.

The 1-hour RSI is at 69, indicating that ENA is nearing overbought territory, which may lead to short-term price corrections. Conversely, the 7-day RSI is at 40, suggesting that the asset is closer to oversold conditions on a longer time frame, reflecting a bearish trend with a 7-day price drop of 18.78%.

Over the past two weeks, ENA has seen a significant decrease of 35.31%, and a 30-day change of -38.25%, highlighting sustained bearish pressure. This is further underscored by the all-time high of $1.52 recorded in April 2024, indicating a substantial drop from its peak, which may affect investor sentiment moving forward.

Given the current technical indicators, the immediate outlook shows potential for a corrective bounce in the short term due to overbought conditions on the hourly RSI. However, the overall trend remains bearish with significant losses over the past month and resistance levels indicated by the longer-term moving averages.

Considering all technical and fundamental data, the recommendation for Ethena (ENA) is to Hold. The short-term potential for a rebound exists, but with strong bearish signals in the longer-term trends, caution is advised for new positions.