Ethena USDe (USDE) is currently priced at $0.99951, showing a slight 24-hour change of 0.04226%. The daily trading range indicates minimal volatility, with a high of $1 and a low of $0.998307, reflecting a stable peg typical of stablecoins.

Trading volume stands at 102,383,229, corresponding to a Vol/Market Cap ratio of 1.65%, indicating a healthy level of trading activity relative to its market capitalization. The moving averages (8, 13, 21, 55, and 144 SMA) are clustered around $0.9990 to $0.9991, suggesting strong support and stability near the current price level.

The 1-hour RSI at 58 indicates a neutral momentum, while the 7-day RSI at 51 confirms that the price is neither overbought nor oversold. Over the past 30 days, the price change of 0.0166% reinforces the stability of the asset, although the 14-day price increase of 0.0717% shows some bullish sentiment building.

Given the historical context, USDE's all-time high is $1.034, reached in December 2025, indicating potential for price recovery towards that level in the long term. However, the current price stability suggests that USDE is functioning as intended as a stablecoin, with little speculative volatility.

In conclusion, the technical indicators and fundamental stability suggest that Ethena USDe is well-positioned to maintain its peg around $1. Given the minimal price fluctuations and overall stability, I recommend a Buy rating for investors looking for low-risk exposure in stable assets, as potential for slight appreciation remains while maintaining low volatility.