Ethena USDe (USDE) is currently priced at $0.999889, showing a slight decline of 0.23305% over the last 24 hours. The daily trading range has been narrow, with a high of $1.004 and a low of $0.999007, reflecting limited volatility and a market that is currently struggling to maintain price levels above the dollar peg.

Trading volume for the past 24 hours stands at approximately 295.8 million, corresponding to 4.57% of the market cap, indicating healthy trading activity but insufficient momentum to push the price upward. The hourly moving averages show a consistent trend just below $1.00, with the 8 SMA at -0.17% and the 144 SMA at -0.09%, reinforcing the proximity to the one-dollar threshold.

The Relative Strength Index (RSI) readings present a mixed picture; the 1-hour RSI is at 36, suggesting potential short-term oversold conditions, while the 7-day RSI at 50 indicates a neutral stance overall. Price changes over various timeframes are positive, with a 30-day increase of approximately 9.59%, although recent performance over shorter periods has shown a lack of momentum.

The all-time high for USDE stands at $1.034, which was reached in December 2025. Given the current price dynamics, the recent declines, and the inability to break above the $1.00 resistance level, caution is warranted.

Considering the overall market conditions, technical indicators, and the current trading environment, a Hold rating is appropriate for Ethena USDe (USDE). While there is potential for recovery, the immediate outlook indicates that waiting for clearer bullish signals or a confirmation of upward momentum may be prudent before taking further action.