Ethena USDe (USDE) is currently priced at $0.999213, reflecting a minimal 24-hour change of 0.04187%. The daily trading range has been tight, with a high of $1.001 and a low of $0.996744, indicating stability around the $1 peg typical for stablecoins.

Volume stands at 134,371,993, representing a market activity level with a volume-to-market cap ratio of 2.09%. This relatively low volume suggests that while there is some trading activity, it is not sufficient to drive significant price movement, keeping USDE within its narrow trading range.

Technical indicators show that short-term moving averages (8 SMA at $0.9987, 13 SMA at $0.9989) are slightly positive, indicating a slight bullish trend, while longer-term averages (55 SMA at $0.9991, 144 SMA at $0.9992) are almost flat. The 1-hour RSI is at 52, suggesting a neutral market sentiment, while the 7-day RSI at 50 indicates a lack of momentum in either direction.

In terms of price changes, the 7-day period has seen a decline of 0.0046, and the 14-day trend reflects a more significant drop of 0.3342. However, over the past 30 days, USDE has gained approximately 0.0401, indicating some recovery from previous lows.

Given that USDE is operating close to its all-time high of $1.034 set on December 9, 2025, the current price behavior suggests it is maintaining its peg effectively. The current market conditions indicate stability, but lack of volatility suggests limited opportunities for short-term trading gains.

Based on the technical data, volume metrics, and current price positioning, the recommendation for Ethena USDe (USDE) is to Hold. The stability around the $1 mark provides a buffer against downward price action, while slight upward momentum in moving averages suggests potential for gradual appreciation without significant risk.