Ethena USDe (USDE) is currently trading at $0.999225, reflecting a slight upward change of 0.04082% over the past 24 hours. The asset's daily price range has been constrained between a high of $1.034 and a low of $0.997624, indicating low volatility with a daily range of just 0.036376%.

Trading volume stands at approximately $272 million, contributing to a market cap volume ratio of 4.13%, which suggests a healthy level of liquidity. The short-term moving averages reveal a mixed sentiment; while the 8 SMA shows a minor increase of 0.01%, longer averages like the 21 SMA and 55 SMA indicate slight downtrends of -0.22% and -0.09%, respectively.

The RSI metrics indicate a bearish trend in the short term with a 1-hour RSI of 7, suggesting oversold conditions. However, the 7-day RSI at 50 reflects a neutral stance, which might signal potential stability or indecisiveness in price movement.

Over recent periods, the price change has been relatively stagnant, with a 7-day increase of just 0.0017%, 14-day growth of 0.0297%, and a 30-day gain of 0.0178%. The historical high of $1.034, reached in December 2025, remains a significant resistance level that the asset has yet to reclaim.

Considering the current price action, mixed moving averages, and RSI indicators, the overall market sentiment appears to lean towards stability rather than bullish momentum. Given the proximity to key support and resistance levels and the lack of strong upward catalysts, the recommendation is to Hold USDE for the short term while monitoring for signs of a breakout or further weakness.