Ethena USDe (USDE) is currently trading at $0.998704, showing a slight decline of 0.07159% over the last 24 hours. The daily price range has been tight, with a high of $1.001 and a low of $0.997922, indicating low volatility in the short term.

The volume traded over the past 24 hours stands at 182,237,327, representing 2.77% of the market cap. This relatively low volume suggests a lack of strong buying interest, which could further suppress price movement in the near term.

Technical indicators show that the hourly moving averages are all trading just below $1.00, with the 8 SMA at $0.9992 and the 144 SMA at $1.00. The 1-hour RSI is at 44, indicating a neutral position, while the 7-day RSI at 49 suggests that the asset is neither overbought nor oversold, reinforcing the lack of momentum.

From a longer-term perspective, the 30-day price change is positive at 0.0213%, contrasting with the 14-day and 7-day changes of -0.0688% and -0.0936%, respectively. The asset remains below its all-time high of $1.034, which was reached on December 9, 2025, indicating potential resistance around that level.

Given the current price action, low volatility, and technical indicators suggesting a lack of momentum, the outlook for USDE remains cautious. Therefore, a Hold rating is advised, as investors may want to wait for clearer signals of upward price movement or a stronger volume before making further investment decisions.