Ethena USDe (USDE) is currently trading at $1.001, reflecting a minor decrease of 0.01919% over the last 24 hours. The daily trading range is tight, with a high of $1.001 and a low of $0.999901, indicating limited volatility in the market.

Trading volume stands at 518,410,596, which corresponds to a volume-to-market cap ratio of 5.31%, suggesting a moderate level of trading activity relative to its market capitalization. The hourly moving averages are all aligned closely around $1.00, showing a slight upward bias, which may indicate a stable price environment.

The 1-hour RSI is at 49, suggesting that the asset is neither overbought nor oversold in the short term. In contrast, the 7-day RSI at 52 indicates a neutral market sentiment, while the 14-day price change of -0.2469% reflects some bearish pressure over a longer timeframe.

In the last 30 days, USDE has shown a positive price change of 0.0434%, indicating resilience despite the recent pullback. The all-time high of $1.032 reached in December 2023 serves as a key resistance level, with potential upward movement needed to break above this threshold.

Given the current price stability around $1.00 and the neutral RSI readings, there is no immediate strong bullish or bearish signal. However, the slight positive trend in the hourly moving averages and the relatively high trading volume suggest a potential for upward movement if market sentiment improves.

Rating: Hold. The current technical indicators do not suggest strong momentum in either direction, warranting a cautious approach until clearer trends emerge.