Ethena USDe (USDE) is currently trading at $0.999399, reflecting a minor 24-hour price change of 0.00811%. The asset has experienced a daily range of $0.00161, with a high of $1 and a low of $0.99839, indicating low volatility and tight price movements typical for stablecoins.

The trading volume stands at approximately $75.8 million, translating to a Vol/Market Cap ratio of 1.25%. The hourly moving averages show that the short-term trends are stable, with the 8 SMA at $0.9993, the 13 SMA at the same level, and the 21 SMA slightly higher at $0.9994, all suggesting minimal upward momentum.

The 1-hour RSI is at 45, indicating the asset is neither overbought nor oversold, while the 7-day RSI at 51 reflects similar neutrality. Over the past week, USDE has seen a price increase of about 0.044%, and over the last 30 days, the increase is more substantial at approximately 0.058%, indicating a slight bullish trend in the short to medium term.

The all-time high for USDE is $1.034, achieved on December 9, 2025, suggesting that the asset has room for growth relative to its historical performance. However, the lack of significant movement in the short term, combined with consistent trading volume and stable price action, signals that USDE is maintaining its peg effectively.

Given the current price stability, low volatility, and modest upward momentum, the recommendation for Ethena USDe is a Hold. This rating is based on the asset's current performance metrics which suggest it is maintaining its value effectively, but there are no immediate catalysts for significant upward movement.