Ethena USDe (USDE) is currently trading at $0.998951, reflecting a slight decline of 0.0257% over the past 24 hours. The daily trading range has remained narrow, with a high of $1.009 and a low of $0.993551, indicating stability in price movement.

The volume stands at approximately 135.53 million, contributing to a Vol/Market Cap ratio of 1.97%, suggesting moderate trading activity relative to market size. Short-term moving averages show a consistent downtrend, with the 8, 13, and 21 SMA slightly below the $1.00 mark, indicating potential resistance at this psychological level.

The 1-hour Relative Strength Index (RSI) is at 52, indicating a neutral position, while the 7-day RSI is at 50, which confirms the lack of strong momentum in either direction. Price changes over various time frames are marginally negative, with a 7-day change of -0.0152%, a 14-day change of -0.0050%, and a 30-day change of -0.0228%, suggesting a bearish trend over the longer term.

Despite these downward pressures, the all-time high of $1.032 achieved in December 2023 indicates that the asset has the potential to recover. However, the current price is significantly close to its lower bounds, and with the moving averages indicating resistance, there is a risk of further declines if selling pressure continues.

Given the current technical indicators and fundamental factors, the recommendation for Ethena USDe (USDE) is to Hold. While the price is stable near $1.00, the negative trends in price changes and resistance at this level warrant caution before considering any new positions.