Ethena USDe (USDE) is currently trading at $0.997894, experiencing a slight decline of -0.11464% over the last 24 hours. The asset's price has fluctuated within a daily range of $0.99691 to $0.999842, indicating a relatively stable trading environment with a minimal daily range of 0.002932%.

Trading volume stands at approximately $293.99 million, translating to a volume-to-market cap ratio of 3.75%. This indicates a healthy level of liquidity, although the current price is hovering just below the crucial $1.00 psychological level, which may impact investor sentiment.

The hourly moving averages are slightly bearish, with the 8 SMA at $0.9984, showing a -0.05% change, while the longer-term averages are also reflecting similar declines. This suggests a lack of upward momentum, as the moving averages are converging towards a bearish orientation.

The 1-hour RSI is at 46, indicating that the asset is approaching the neutral zone, while the 7-day RSI of 48 suggests slight bearish sentiment. Additionally, price changes over the last 7, 14, and 30 days show a consistent downward trend, with losses of -0.1013%, -0.1184%, and -0.1521%, respectively.

The all-time high of $1.032, reached on December 20, 2023, serves as a key resistance level. Currently, the asset is trading at approximately 3.3% below this peak, which could provide some upside potential if upward momentum develops.

Given the current technical indicators, price action, and recent trends, Ethena USDe is showing signs of weakness with no immediate bullish reversal signals. Therefore, the recommendation is to Hold USDE, monitoring for potential reversal patterns or improved momentum before making any significant trading decisions.