Ethena (ENA) is currently priced at $0.107525, reflecting a 24-hour decline of 4.13%. The asset has shown volatility with a daily range of $0.014401, peaking at $0.117825 and hitting a low of $0.103424 within the same period.

Trading volume stands at 175,849,858, representing a significant 19.94% of the market cap. The hourly moving averages indicate a slight bullish trend, with the 8 SMA at $0.1057 and the 13 SMA at $0.1053, both showing positive momentum, while longer-term SMAs are more neutral.

The 1-hour RSI is elevated at 71, suggesting short-term overbought conditions, while the 7-day RSI at 48 indicates that the asset is neither overbought nor oversold in the longer term. Price performance over the last week has seen a decrease of 3.65%, and over the past 14 days, the decline deepens to 6.61%.

The 30-day price change reveals a more significant bearish trend with a drop of approximately 37.81%, highlighting an extended period of weakness. Despite these declines, the all-time high of $1.52 reached on April 11, 2024, sets a substantial benchmark for potential recovery.

Given the recent price movement and overbought conditions indicated by the short-term RSI, a cautious approach is warranted. The combination of high volatility, short-term overbought signals, and recent downward trends suggests a Hold rating for Ethena (ENA), allowing for further evaluation before making any aggressive buying or selling decisions.