Ethena USDe (USDE) is currently priced at $0.998629, with a 24-hour change of -0.01237%. The daily range has been narrow, fluctuating between a high of $0.999991 and a low of $0.997867, indicating low volatility in the short term.

Trading volume stands at 183,339,481, contributing to a volume-to-market cap ratio of 2.80%. This relatively low ratio suggests limited trading activity compared to the market cap, which may indicate that USDE is currently under less speculative pressure.

The hourly moving averages indicate a slight downward trend, with the 8 SMA at $0.9991 showing a decline of 0.04%. In contrast, longer-term moving averages like the 55 SMA ($0.9948) and 144 SMA ($0.9970) reflect minor positive movements, suggesting some support levels may be forming below the current price.

The 1-hour Relative Strength Index (RSI) is at 56, which indicates a neutral to slightly bullish momentum. However, the 7-day RSI at 50, coupled with negative price changes over the last 7, 14, and 30 days, suggests that there is little upward momentum in the medium to long term.

Despite the recent price declines, the asset is currently hovering just below the critical psychological level of $1.00. The all-time high of $1.034 from December 2025 remains a substantial target, but recent price action shows a lack of bullish strength to approach that level soon.

Given the current market conditions, the technical indicators point to a lack of momentum for a strong recovery, especially with the longer-term price changes being negative. Therefore, the recommendation is to Hold USDE at this moment, as further confirmation of a bullish trend is needed before considering any new buying opportunities.