Ethena USDe (USDE) is currently trading at $0.99886, reflecting a slight decline of 0.0328% over the past 24 hours. The price has oscillated within a daily range of $0.008046, with a high of $1.001 and a low of $0.992953, indicating low volatility.

Volume stands at 134,053,401, contributing to a market cap ratio of 1.88%, suggesting modest trading activity relative to its overall market valuation. The hourly moving averages are all closely clustered around $0.9992, with minimal declines across the short-term SMAs, indicating a sideways market without strong momentum in either direction.

The 1-hour RSI at 48 and the 7-day RSI at 50 suggest a neutral sentiment among traders, with neither overbought nor oversold conditions present. The 7-day price change is positive at 0.0101, while the 14-day change shows a more significant increase of 0.0807, suggesting some recent bullish sentiment, though the 30-day change of -0.0144 indicates longer-term weakness.

The all-time high for USDE remains at $1.032, which was reached on December 20, 2023, showing that the price is currently around 3.23% below this peak. Given the recent price action and technical indicators, USDE appears to be stabilizing near its current level, with the potential for upward movement if it breaks the $1.001 resistance.

In summary, the technical indicators are showing a consolidation phase, but there is no strong upward momentum at present. Therefore, the recommendation is to Hold USDE, as it may present a better buying opportunity should it break through the $1.001 resistance in the coming sessions.