Ethena USDe (USDE) is currently priced at $0.998568, reflecting a marginal 24-hour decline of -0.03283%. The daily price action shows a tight range with a high of $1.001 and a low of $0.9979, indicating limited volatility in recent trading sessions.

Volume for the past 24 hours stands at 110,837,745, which corresponds to a volume-to-market cap ratio of 1.68%. The price has seen a slight downtrend over the past week with a 7-day price change of -0.0779%, while the 14-day price change indicates a more pronounced decline of -0.1198%.

Technical indicators show that the hourly and daily simple moving averages (SMAs) are clustered around $0.9990, suggesting a lack of momentum in either direction. The 1-hour RSI at 48 and 7-day RSI at 49 confirm this neutrality, indicating that the asset is neither overbought nor oversold.

Given the proximity to the $1 mark and the recent performance metrics, USDE appears to be in a consolidation phase. The all-time high of $1.034 achieved on December 9, 2025, serves as a significant resistance point that the asset has yet to approach again.

Considering the current price stability, low volatility, and neutral RSI readings, a cautious approach is advisable. Therefore, the recommendation for Ethena USDe (USDE) is to Hold, as there is insufficient bullish momentum to initiate a Buy, while the proximity to $1 suggests potential for recovery should market conditions improve.