USDE Price Performance and Relative Strength

Ethena USDe USDE

Current Price

$0.9994 +0.06%

$0.0017 Daily Range (0.17%)

$0.9983$1.00

$338.43M Daily Volume

3,721 BTC

Vol/MktCap: 4.65%

Neutral

HTF: 51 (Neutral)

Market Performance

+0.75% 0.00001099 BTC

+1.11% 0.0003 ETH

+0.07% 0.9996 USDT

+2.13% 0.4584 XRP

+0.53% 0.0011 BNB

0.62% Relative BTC Volume

The total volume of Ethena USDe is $338.43M over the past 24 hours, compared to $54.61B total Bitcoin volume.

Hourly Moving Average

8 SMA $0.9993 +0.01%

13 SMA $0.9992 +0.02%

21 SMA $0.9992 +0.03%

55 SMA $0.9991 +0.03%

144 SMA $0.9989 +0.05%

+0.02% 1 Hour Change

$0.9994 from $0.9992

+0.12% 7 Day Change

$0.0012 from $0.9982

+0.10% 14 Day Change

$0.0010 from $0.9985

+0.03% 30 Day Change

$0.0003 from $0.9991

December 20, 2023

$1.03 -3.17%

-$0.0328 vs. now

$7.28B Market Cap

80,014 BTC

24H Change

1.47M USD +0.02%

16 BTC

Total Supply: 7.28B USDE

7.28B USDE Available

100.00% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.

Relative Supply Ratio

365.03 x BTC Supply

+214 more

365:1 supply ratio

RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.

Relative Trade Volume

338.72M USDE traded over past 24 hours

4.65% of circulating supply A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.

Markets and Insights

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Ethena USDe AI Market Analysis

Ethena USDe (USDE) is currently trading at $0.999244, reflecting a minor decline of 0.04805% over the last 24 hours. The price has fluctuated within a daily range of $0.0016, with a high of $1 and a low of $0.9984, indicating stability near its peg to the USD.

Trading volume stands at approximately 273,571,449, accounting for 3.76% of the market cap, which suggests active trading but not excessive speculation. The moving averages show a slight bullish trend, with the 8 SMA at $0.9991 and the 55 SMA at $0.9991, both indicating a consistent price level around the current price point.

The 1-hour RSI is at 54, suggesting that the asset is neither overbought nor oversold in the short term. Meanwhile, the 7-day RSI at 51 reinforces this neutral sentiment, and the price changes over 7, 14, and 30 days show modest upward momentum, with a 30-day increase of approximately 3.46%.

Given that the all-time high for USDE is $1.032, the current price is still within a reasonable distance of its historical peak. The consistent moving averages and the stable RSI values indicate that there is no immediate bearish pressure.

Considering these technical indicators and the current trading environment, I assign a Buy rating for USDE. The proximity to its peg and potential for recovery toward the all-time high make it a favorable position for short to medium-term holders.

Updated 361 minutes ago.