Ethena USDe (USDE) is currently priced at $0.998999, reflecting a slight increase of 0.02024% over the past 24 hours. The asset's daily trading range has been narrow, with a high of $0.999361 and a low of $0.998199, indicating minimal volatility during this period.

Volume stands at 63,220,300, representing a market cap volume ratio of 1.00%. The stability in price is further supported by the moving averages, with the 8, 13, 21, and 55 SMA all aligning closely at $0.9989, suggesting a consistent short-term trend.

The 1-hour RSI is currently at 58, indicating that the asset is leaning towards overbought conditions but not excessively so. Meanwhile, the 7-day RSI is neutral at 50, suggesting that there has been no significant momentum in either direction recently.

In terms of price performance, USDE has seen a positive change of 0.0661% over the last week, but a more extended view shows a decline of 0.0883% over the past month. This mixed performance indicates a lack of strong bullish sentiment, as the longer-term trend remains bearish.

The all-time high of $1.034, achieved in December 2025, remains a distant target. However, current price levels show the asset is trading close to its recent lows and has room for growth if bullish sentiment returns.

Based on the current price action, volume metrics, and moving averages, I recommend a Buy rating for Ethena USDe. The recent stability in price alongside a moderate RSI suggests potential for upward movement, making it an opportune time to enter before a possible rebound.