Ethena USDe (USDE) is currently trading at $0.998559, reflecting a slight decline of 0.0851% over the past 24 hours. The price has fluctuated between a high of $1.001 and a low of $0.997072, indicating a tight daily range of approximately 0.00393%.

The trading volume stands at 140,976,368, with a volume-to-market cap ratio of 2.16%. The hourly moving averages are clustering around $0.9992 to $0.9997, showing minimal directional movement, with all averages indicating a slight negative trend.

The 1-hour Relative Strength Index (RSI) is at 29, suggesting that USDE is currently oversold, while the 7-day RSI sits at 50, indicating a neutral trend over a longer period. Price changes over the last 7, 14, and 30 days reflect a consistent downward momentum, with losses of approximately 0.079%, 0.084%, and 0.063%, respectively.

The all-time high of $1.034, reached on December 9, 2025, shows that there is potential for upward movement, but recent performance indicates bearish sentiment in the short to medium term. The price's current positioning just below $1 may act as a psychological resistance, while also providing a support level around the recent low of $0.997072.

Based on the technical indicators and the current market sentiment, a Hold rating is advised. The oversold condition in the short term could lead to a potential rebound, but sustained negative price changes suggest caution before committing to a buy.