Ethena USDe (USDE) is currently trading at $0.999703, showing a slight decline of 0.0167% over the past 24 hours. The price has fluctuated between a high of $1.002 and a low of $0.996829, reflecting a narrow daily range of just 0.005171%.

The trading volume stands at 260,574,483, representing 4.03% of the market cap, indicating a moderate level of trading activity. Hourly moving averages suggest a bearish sentiment in the short term, with the 8 SMA at $0.9998 and the 13 SMA at $0.9999, both showing minor declines.

The Relative Strength Index (RSI) is currently neutral at 50 for the hour, and slightly bullish at 51 over the past week. This suggests that the asset is neither overbought nor oversold, maintaining a stable trading environment, while the 7-day price change of approximately 0.0346% and a 14-day price increase of 0.1167% indicate some positive momentum.

Additionally, the 30-day price change of 0.0214% points towards a very modest upward trend, but not enough to signal a strong buying opportunity. The all-time high of $1.034 reached in December 2025 serves as a significant resistance level that USDE has not approached recently.

In summary, while USDE shows some stability and slight upward momentum over the longer term, the current technical indicators suggest a cautious outlook. Given the current price near $1 and the mixed signals from moving averages and RSI, the recommendation is to Hold, allowing for further assessment of market conditions before making any decisions on entry or exit.