Ethena USDe (USDE) is currently trading at $0.99953, reflecting a modest 24-hour change of 0.0774%. The price has demonstrated low volatility, with a daily range of just 0.0014%, indicating stable market conditions and minimal fluctuations around the peg to the USD.

Volume over the last 24 hours stands at 151,546,415, resulting in a volume-to-market cap ratio of 2.43%. This relatively low trading volume suggests that while there is some market activity, it may not indicate strong bullish or bearish momentum, keeping the price closely aligned with its pegged value.

Technical indicators show that the short-term moving averages are slightly positive, with the 8, 13, and 21 SMA all above the current price. The 1-hour RSI at 63 indicates a potential overbought condition, while the 7-day RSI at 51 suggests that the asset is relatively neutral in the medium term.

Over the last 7 days, the price has increased by approximately 0.039%, with a more significant 14-day price change of 0.172. The asset has seen a slight upward trend in the past month, with a 30-day price change of 0.042, reinforcing the view that USDE is maintaining stability around its peg.

The all-time high of $1.034, reached on December 9, 2025, provides a benchmark for future price performance. However, the current price remains significantly below this level, indicating potential room for growth if market conditions improve.

Based on the analysis of price stability, low volatility, and neutral RSI indicators, the recommendation for Ethena USDe (USDE) is a Hold. This rating reflects the asset's current pegged status and stable performance, with no immediate catalysts for significant price movement in either direction.