Ethena USDe (USDE) is currently trading at $0.998664, showing a slight decline of 0.0215% over the last 24 hours. The daily price range has been narrow, with a high of $0.999416 and a low of $0.997976, indicating low volatility in the market.

Volume has been substantial at approximately 146.74 million, contributing to a market cap volume ratio of 2.23%. The moving averages reflect a bearish sentiment, with the 55 SMA at $0.9990 showing a decline of 0.03%, and the longer-term 144 SMA at $1.00 down by 0.14%, suggesting weakness in upward momentum.

The RSI metrics reveal oversold conditions, particularly with the 1-hour RSI at 30, which may indicate a potential reversal if buying pressure increases. However, the 7-day RSI at 47 is marginally below neutral, signaling a lack of strong momentum in either direction, coupled with a negative price change over the last week of approximately 0.1377%.

Comparatively, the price has shown minimal movement over the 30-day period, with a change of only -0.0018%. This stability may suggest consolidation around the current price point, but the overall trend is weak, particularly when assessing the historical peak of $1.034, which was achieved in December 2025.

Considering the technical indicators, particularly the bearish moving averages and low RSI values, the sentiment leans towards caution. A price below $1.00 and the recent trends indicate the potential for further downside.

Given the current data and analysis, the rating for Ethena USDe (USDE) is a Sell. The combination of weak price action, low RSI readings, and bearish moving averages signals a lack of bullish momentum and potential further declines in the near term.