Ethena USDe (USDE) is currently priced at $0.998849, showing a slight increase of 0.05355% over the last 24 hours. The daily trading range has been relatively tight, with a high of $0.99952 and a low of $0.997009, indicating low volatility in the current market environment.

Trading volume stands at 135,398,693, representing 1.83% of the market cap, which suggests that market participation is moderate. The hourly moving averages (8, 13, 21, and 55 SMA) all indicate minor upward momentum, with increases ranging from 0.02% to 0.05%, supporting the short-term bullish sentiment.

The 1-hour RSI is positioned at 53, indicating a neutral momentum that does not suggest overbought or oversold conditions at this time. In contrast, the 7-day RSI is at 50, indicating a balanced market sentiment, while the 14-day and 30-day price changes are negative, reflecting a longer-term downward trend of approximately 6.36% and 6.43%, respectively.

Despite recent declines, the all-time high for USDE remains significantly higher at $1.032, achieved in December 2023, which provides a potential target for future price recovery. The combination of stable short-term price movements and moderate trading volume suggests that traders may be waiting for clearer directional signals before making substantial commitments.

Based on the current data, the recommendation for Ethena USDe is to Hold. The short-term bullish indicators support potential stability, but the longer-term negative trends warrant caution. The absence of strong momentum or clear buying signals suggests waiting for confirmation before considering new positions.