Ethena USDe (USDE) is currently trading at $0.998882, reflecting a minor decrease of 0.02695% over the last 24 hours. The daily price range has been narrow, with a high of $1.002 and a low of $0.997464, indicating low volatility and market consolidation around the $1 mark.

Trading volume stands at 79,067,517, contributing to a volume-to-market cap ratio of 1.25%. This suggests a moderate level of trading activity, which can indicate a steady interest from traders, but may not be enough to drive significant price movements in either direction.

The hourly moving averages, including the 8, 13, 21, 55, and 144 SMA, all cluster closely around $0.9993 to $0.9994, showing a tight consolidation. The RSI readings for both the 1-hour and 7-day periods are at 49, indicating that the asset is neither overbought nor oversold, suggesting a neutral market sentiment.

Over the last week, the price has seen a slight decline of 0.0476%, while the 14-day price change shows a more positive shift of 0.0505%. However, the 30-day price change is marginally negative at -0.0019%, indicating a lack of significant upward momentum in the recent past.

Given that the all-time high of $1.034 was recorded back in December 2025, the current price is relatively close to its historical high, which can suggest potential resistance levels above the $1 mark. The current market structure and technical indicators suggest that USDE is stabilizing around the $1 level, but without a clear breakout or sustained momentum.

Considering the neutral RSI, narrow price range, and lack of significant volume spikes, the current market sentiment leans toward a Hold rating. Traders should monitor for signs of increasing volume or volatility that could indicate a potential breakout, but for now, maintaining positions is advisable as the market awaits clearer signals.