Ethena USDe (USDE) is currently trading at $0.999699, reflecting a slight decline of -0.01158% over the past 24 hours. The asset has maintained a narrow daily range with a high of $1.001 and a low of $0.997735, indicating low volatility in the market.

Volume for the last 24 hours stands at approximately 219 million, representing 3.39% of the market cap, which suggests moderate trading activity. The hourly moving averages are clustered closely around the current price, with the 8, 13, and 21 SMAs showing marginal declines, while the 144 SMA indicates a slight upward trend.

The 1-hour Relative Strength Index (RSI) is at 46, signaling neutrality and suggesting that the asset is neither overbought nor oversold in the short term. Conversely, the 7-day RSI is at 51, indicating a balanced market sentiment, while the 7-day price change shows a modest increase of 0.049, reflecting slight bullish momentum over the past week.

Looking at longer timeframes, the 14-day price change of 0.034 and the 30-day price change of 0.048 suggest stable performance and gradual accumulation. The all-time high of $1.034, reached on December 9, 2025, remains a significant resistance level to monitor, as it establishes a benchmark for potential upward movement.

Overall, the technical indicators suggest a lack of strong momentum in either direction, with the asset currently hovering around parity to the USD. Given the stable price action and moderate trading volume, a Hold rating is appropriate for USDE at this time, as it indicates that investors should maintain their positions and assess future developments before making significant moves.