Ethena USDe (USDE) is currently trading at $0.999214, reflecting a marginal 24-hour change of -0.00121%. The daily price range has been tight, with a high of $1 and a low of $0.998463, indicating stability in a relatively narrow band of price fluctuations.

The trading volume over the last 24 hours stands at approximately 80.66 million, contributing to a market cap volume ratio of 1.33%. Short-term moving averages suggest a slight downward bias with the 8, 13, and 21 SMA all showing minor declines, while the longer-term 144 SMA indicates a slight upward trend, suggesting potential consolidation in price.

Technical indicators reveal a 1-hour RSI of 54, which is neutral, while the 7-day RSI of 51 suggests the asset is neither overbought nor oversold. Price changes over various periods show modest growth over the last 14 days at 0.095%, while the 30-day change is at 0.0197%, highlighting stable performance but limited upside momentum.

The all-time high for USDE at $1.034, recorded in December 2025, remains a significant resistance level to watch. Given the current price proximity to $1 and the overall stability in trading, the asset is consolidating around this key psychological level.

In conclusion, given the current technical setup, stable volume, and neutral RSI readings, I recommend a Hold rating on Ethena USDe (USDE). While the asset is not presenting immediate bullish signals, it also shows no significant signs of weakness, making it a suitable candidate for holding until clearer directional indicators emerge.