Ethena USDe (USDE) is currently priced at $0.998643, reflecting a slight decline of -0.06046% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $1.034 and a low of $0.997624, indicating low volatility in the current market environment.

The trading volume stands at 276,791,852, which represents 4.19% of the market cap, suggesting moderate interest among traders. The hourly moving averages indicate a bearish trend, with the 8, 13, and 21 SMAs all below the $1.00 mark, signaling continued selling pressure.

The RSI readings reveal a neutral market condition, with the 1-hour RSI at 49 and the 7-day RSI at 50. This suggests that USDE is neither overbought nor oversold, providing a balanced view of short-term momentum.

Over the past week, USDE has experienced a price change of -0.0742%, indicating a slight downward trend, while the 14-day change shows a marginal increase of 0.0035%. However, the 30-day price change of -0.0725% reinforces the notion that the asset has struggled to maintain upward momentum recently.

Considering the all-time high of $1.034 reached on December 9, 2025, the current price remains below this level, highlighting a potential resistance point. The combination of technical indicators, including the bearish moving averages and neutral RSI readings, suggests that the market sentiment is currently cautious.

In conclusion, given the current data and technical indicators, a Hold rating is recommended for Ethena USDe (USDE). This stance is based on the asset's stable yet slightly negative price movements and the absence of significant bullish signals that would warrant a Buy rating at this moment.