Ethena USDe (USDE) is currently trading at $0.999109, exhibiting a minor 24-hour change of 0.05951%. The price has oscillated between a daily high of $1.001 and a low of $0.997677, reflecting a narrow trading range of 0.0033%.

The trading volume stands at 135,577,654, with a volume-to-market cap ratio of 1.84%, indicating moderate trading activity relative to its overall market capitalization. The hourly moving averages show stability, with the 8, 13, and 21 SMAs all at $0.9988, and a slight upward trend noted in the 55 SMA at $0.9988 and 144 SMA at $0.9985.

In terms of momentum indicators, the 1-hour RSI is at 55, suggesting a mildly bullish sentiment, while the 7-day RSI sits at 50, indicating neutrality. Over a longer period, the 7-day price change is approximately 0.0728%, with a 14-day change of 0.0025%, and a more robust 30-day increase of about 0.1118%, demonstrating positive performance over the past month.

The all-time high for USDE is recorded at $1.032 on December 20, 2023, suggesting that the current price is relatively close to its peak. Given the current price stability, consistent trading volume, and positive 30-day momentum, the outlook remains cautiously optimistic.

Based on the analysis of price action, technical indicators, and volume trends, I recommend a Buy rating for Ethena USDe (USDE). The proximity to the all-time high coupled with stable moving averages and a positive 30-day price trend suggest potential for upward movement in the short to medium term.