Ethena USDe (USDE) is currently trading at $0.984731, reflecting a slight decline of 0.777% over the past 24 hours. The daily trading range has been relatively narrow, with a high of $1 and a low of $0.983739, indicating limited volatility.

Trading volume stands at approximately 279.84 million, contributing to a Vol/Market Cap ratio of 4.27%. This suggests that while there is liquidity in the market, the recent price movement and volume do not indicate strong bullish momentum.

The hourly moving averages are trending downwards, with the 8 SMA at $0.9949 showing a decline of 1.02%. This downward trend is consistent across the shorter-term moving averages, indicating that bearish sentiment is present.

The 1-hour RSI is at 40, which suggests a near-neutral position but leans toward oversold conditions. The 7-day RSI at 43 further confirms the lack of upward momentum, as it remains below the neutral threshold of 50.

Over the last week, USDE has experienced a price drop of approximately 1.43%, and the 14-day and 30-day price changes show declines of 1.76% and 1.43%, respectively. These consistent downtrends across various time frames highlight ongoing selling pressure and a lack of buyer interest.

The all-time high of $1.034 was recorded on December 9, 2025, which is significantly higher than the current price. This suggests that USDE is currently trading well below its potential, but the recent bearish trends must be addressed for a recovery to occur.

Given the combination of bearish technical indicators, declining RSI values, and minimal price movement, a cautious approach is warranted. The recommendation is to Hold USDE for the time being, as further signs of stabilization or bullish momentum are necessary before considering a Buy.