Ethena USDe (USDE) is currently priced at $0.998266, reflecting a slight decline of -0.03032% over the past 24 hours. The trading range has remained narrow with a daily high of $0.999813 and a low of $0.993898, indicating limited volatility in the short term.

The trading volume of 201,356,679 suggests a moderate interest in USDE, with a volume-to-market cap ratio of 3.06%. This level of activity, combined with the tight daily range, may imply that traders are cautious amid current price levels.

From a technical perspective, the hourly moving averages indicate mixed short-term sentiment; the 8 SMA is slightly positive at +0.01%, while the 55 and 144 SMAs are showing declines of -0.04% and -0.05%, respectively. The RSI readings at both 1 hour and 7 days are at 49, suggesting that the asset is neither overbought nor oversold, which further reflects a neutral market condition.

Over the past week, USDE has seen a price drop of -0.108%, with a more substantial decline of -0.142% over the last 14 days. The 30-day price change shows minimal movement at -0.0046%, indicating a period of consolidation around the current price level.

The all-time high for USDE was recorded at $1.034, achieved on December 9, 2025, which provides a significant reference point for potential future price movements. Given the current trading conditions and technical indicators, there appears to be no strong momentum in either direction, making it crucial for traders to monitor upcoming market developments closely.

Based on this analysis, the recommendation for Ethena USDe (USDE) is a Hold rating. The lack of volatility, neutral RSI, and proximity to the support level suggest that while there is no immediate sell signal, there is also limited upside potential in the short term. Holding the asset may be prudent while awaiting clearer market signals or developments.