Mantle Staked Ether (METH) is currently trading at $4,077.98, reflecting a 3.72% decline over the last 24 hours. The daily price range has been significant, with a high of $4,251.75 and a low of $3,969.33, highlighting volatility in the market.

Volume over the last 24 hours stands at 3,596,512, corresponding to a low volume-to-market cap ratio of 0.38%. The hourly moving averages suggest bearish momentum, with the 8 SMA at $4,081.04 showing a slight decline, while longer-term SMAs exhibit more pronounced downward trends.

The 1-hour RSI is at 40, indicating that METH is approaching oversold conditions, while the 7-day RSI at 49 suggests neutrality in momentum. A negative price trend is evident over the past week, with a 7-day change of -7.56%, a 14-day change of -16.03%, and a 30-day change of -15.30%.

Given the current market dynamics and the recent price movements, METH is positioned below its moving averages, signaling potential further downside. The significant decline from its all-time high of $5,312.55 indicates a bearish trend that investors need to consider.

Based on the current data, the recommendation for METH is to Hold. The oversold indicators suggest potential for a rebound, but the prevailing downtrend and lack of bullish momentum indicate caution before making new purchases.