Ethena USDe (USDE) is currently trading at $0.998535, reflecting a marginal 24-hour change of 0.04694%. The daily price range has been relatively tight, with a high of $0.999813 and a low of $0.996816, indicating low volatility and a stable price environment.

The volume of 139,101,531 and a volume-to-market cap ratio of 2.11% suggest moderate trading activity, which could indicate a steady interest from traders. The hourly and daily moving averages are closely aligned around $0.9987 to $0.9988, signaling a neutral trend with no strong momentum in either direction.

The 1-hour RSI at 52 indicates that USDE is neither overbought nor oversold, maintaining a balanced market sentiment. In contrast, the 7-day RSI of 50 and recent price changes of -0.097% over 7 days and -0.099% over 14 days suggest potential weakness in the short-term trend.

Despite a significant all-time high of $1.034 reached in December 2025, the current price shows a lack of upward momentum. Given the current price action, volume metrics, and relative strength indicators, the market appears stable but lacks bullish signals necessary for a price increase.

In conclusion, the analysis indicates a Hold rating for Ethena USDe (USDE) at this time. While the price is stable, the lack of upward momentum combined with recent negative price changes suggests that investors should maintain their positions rather than initiate new buys.