Ethena (ENA) is currently trading at $0.245854, reflecting a minor decline of 0.93% over the last 24 hours. The price has demonstrated a daily range between $0.245438 and $0.251849, indicating a volatility of 0.006411%, with a trading volume of 113,809,729 ENA, translating to a volume-to-market cap ratio of 6.02%.

Technical indicators reveal bearish sentiment, particularly with the 1-hour RSI at 27, signaling oversold conditions. The short-term moving averages are also declining, with the 8 SMA at $0.2470 and the 13 SMA at $0.2475, which suggests that momentum remains weak in the near term.

The 7-day RSI stands at 45, approaching neutral territory, while the 7-day, 14-day, and 30-day price changes show declines of 6.42%, 12.98%, and 15.58%, respectively. This consistent downward trend indicates that ENA has been under selling pressure, and the current price is significantly below its all-time high of $1.52 reached on April 11, 2024.

Given the current price action, technical indicators, and historical performance, ENA appears to be in a bearish phase with limited immediate upside potential. Therefore, the recommendation is to Hold ENA, monitoring for signs of trend reversal or stronger bullish momentum before considering a Buy position.