Ethena USDe (USDE) is currently priced at $0.99872, reflecting a slight decline of 0.01445% over the last 24 hours. The asset has shown stability within a narrow daily range, with a high of $0.999698 and a low of $0.998389, indicating limited volatility.

Trading volume stands at 160,902,169, contributing to a relatively modest Vol/Market Cap ratio of 2.62%. This suggests that while trading activity is present, it does not indicate a significant surge in market interest or momentum.

The moving averages are indicating a slight bearish trend, with the 8 SMA at $0.9990 and a consistent decline across the 13, 21, and 55 SMAs. Additionally, the 144 SMA is slightly higher at $0.9991, but all SMAs show marginal decreases, reinforcing the lack of upward momentum.

The 1-hour Relative Strength Index (RSI) is at 48, while the 7-day RSI is at 49, suggesting that the asset is currently in a neutral state without clear overbought or oversold signals. The 7-day price change is slightly negative at -0.0168%, while the 14-day price change shows a positive trend of 0.0206%, indicating potential short-term weakness but a longer-term recovery.

Comparing these metrics to the asset's all-time high of $1.034, reached in December 2025, underscores that USDE has a considerable distance to cover to reclaim previous highs. The lack of significant bullish momentum over the past 30 days, with a price change of -0.0211%, further emphasizes the challenges in regaining upward momentum.

Considering the current market indicators, including neutral RSI readings and bearish moving averages, the outlook for Ethena USDe appears cautious. Therefore, the recommendation is to Hold, as there is no strong signal for immediate buying or selling, and investors should await clearer trends in market sentiment and price action before making a decision.