Ethena USDe (USDE) is currently trading at $0.998712, reflecting a slight 24-hour decline of -0.03034%. The daily trading range has been narrow, with a high of $0.999096 and a low of $0.997976, indicating low volatility in the current market environment.

The volume over the past 24 hours stands at 104,258,489, corresponding to a volume-to-market cap ratio of 1.59%, which suggests moderate trading activity relative to its overall market capitalization. Technical indicators reveal mixed signals; the hourly moving averages show slight bullish trends at 8 and 13 SMA, while the longer-term 144 SMA indicates a bearish trend with a decline of -0.12%.

The 1-hour Relative Strength Index (RSI) is at 53, suggesting a neutral position, while the 7-day RSI at 45 indicates that the asset is approaching oversold conditions. Price changes over different periods show that the 7-day change is down by -0.19%, but there is a positive trend over the 30-day period with a rise of 0.03%, indicating potential recovery.

Considering the technical indicators and current price action, USDE appears to be stabilizing just below the $1 mark, which historically has been a critical psychological level. While the 14-day and 7-day price changes indicate recent weakness, the long-term outlook remains cautious given the all-time high of $1.034 reached in December 2025.

Overall, the market sentiment is mixed, with short-term bearish signals countered by a longer-term neutral to slightly bullish momentum. Therefore, the recommendation for Ethena USDe is to Hold, allowing investors to reassess their position as market conditions evolve.