Ethena USDe (USDE) is currently trading at $0.998626, reflecting a slight decline of -0.02535% over the last 24 hours. The price has fluctuated within a narrow range, with a high of $1 and a low of $0.998307, indicating low volatility in recent trading.

The volume traded over the last 24 hours stands at approximately $95 million, corresponding to a volume-to-market cap ratio of 1.54%. This suggests a healthy trading environment, although the lack of significant price movement may indicate limited investor interest at current levels.

Short-term moving averages (SMA) across various intervals are all clustered around $0.9990, reflecting a minor downward trend of around -0.04%. The consistent price levels in the moving averages suggest that USDE is experiencing a period of consolidation, which could precede either a breakout or breakdown.

The 1-hour RSI is currently at 41, indicating a bearish sentiment, while the 7-day RSI is neutral at 50. The RSI levels suggest that the asset is neither overbought nor oversold, but the lower 1-hour reading indicates a potential for further downside in the short term.

Examining recent price changes, the 7-day change is marginally negative at -0.011, whereas the 14-day change shows a modest gain of 0.0167. The 30-day price change is also negative at -0.014, indicating a weak performance over the past month, which could dissuade potential investors.

The all-time high for USDE was recorded at $1.034 in December 2025, which suggests there is potential for upward movement if market conditions improve. However, the current price is still below the key psychological level of $1, which may act as a resistance point in the near term.

Given the current technical indicators and the overall market sentiment, I recommend a Hold rating for Ethena USDe (USDE). While the price is relatively stable, the bearish short-term signals and lack of momentum suggest that investors should monitor the situation closely before making any buying decisions.