Ethena USDe (USDE) is currently trading at $0.999169, reflecting a slight decrease of 0.02901% over the past 24 hours. The price has oscillated between a 24-hour high of $1.001 and a low of $0.997179, indicating a relatively stable trading range with a daily fluctuation of 0.00382%.

Trading volume stands at 194,982,170, which represents a market volume relative to market capitalization of 2.94%. The hourly moving averages are showing a bearish trend, with the 8 SMA at $0.9993 down 0.01%, and longer-term SMAs reflecting a consistent decline, suggesting downward pressure in the near term.

The Relative Strength Index (RSI) for the last hour is at 45, indicating a neutral market condition, while the 7-day RSI is at 50, suggesting that the asset is neither overbought nor oversold. The price change over the last 7 days is slightly negative at -0.0152%, but the 14-day and 30-day changes are positive, indicating potential stabilization after recent declines.

The all-time high for USDE remains at $1.032, reached on December 20, 2023, which sets a resistance level that the price has yet to approach again. Given the current price action, stable volume, and RSI metrics, there is a lack of immediate bullish momentum to drive the price back towards the all-time high.

In conclusion, the current technical indicators suggest a cautious approach. Given the slight downward movement in short-term SMAs and the neutral RSI readings, I recommend a Hold rating for Ethena USDe (USDE) at this time, monitoring for potential signs of recovery or further declines before making new entry decisions.