Ethena USDe (USDE) is currently trading at $0.999027, reflecting a slight 24-hour change of 0.03485%. The daily price range has been relatively tight, with a high of $0.999224 and a low of $0.997748, indicating stable price action in the short term.

Trading volume stands at 63,338,047, with a volume-to-market cap ratio of 0.98%, suggesting healthy liquidity for the asset. The hourly moving averages show a slight upward trend, with the 8 SMA at $0.9984 and the 144 SMA at $0.9983, indicating potential short-term bullish momentum.

The 1-hour RSI is at 60, suggesting that the asset is nearing overbought conditions, while the 7-day RSI is at 51, indicating neutrality over the medium term. However, the 7-day price change has declined by 0.0264%, and the 14-day price change shows a more significant drop of 0.0694%, indicating a bearish trend over the longer term.

Despite recent bearish movements over the past weeks, the current price is still relatively close to its all-time high of $1.034 achieved in December 2025. This proximity suggests that USDE may have strong support around the current level, with potential for recovery if market conditions improve.

Given the mixed signals from the technical indicators, particularly the strength of the moving averages and RSI readings, I recommend a Hold rating for Ethena USDe (USDE). The current price stability and liquidity could provide opportunities for re-entry, but the underlying bearish trends warrant caution before making new purchases.