Mantle Staked Ether (METH) is currently priced at $2,794.89, showing a 4.67% increase over the past 24 hours. The asset has traded within a daily range of $162.78, with a high of $2,833.07 and a low of $2,670.29, indicating significant volatility.

The trading volume stands at 1,311,113, with a volume-to-market cap ratio of 0.14%, suggesting relatively low liquidity. Short-term moving averages indicate a bullish trend, with the 8 SMA at $2,783.51 (+0.41%) and the 21 SMA at $2,759.01 (+1.30%), while the 55 SMA shows a stronger upward movement at $2,707.19 (+3.24%).

The 1-hour RSI is at 63, indicating that METH is approaching overbought territory, while the 7-day RSI remains neutral at 50. Despite a minor 7-day price decline of 1.22%, the asset has shown resilience with a significant 30-day price increase of 43.28%.

The all-time high of METH is $4,729.53, reached on March 27, 2024, suggesting substantial upside potential from the current price. Technical indicators reflect a positive short-term outlook, but caution is warranted given the recent price fluctuations.

Based on the analysis of both technical indicators and recent performance, I recommend a Buy rating for METH. The strong upward momentum indicated by moving averages, coupled with a favorable long-term price trend, supports this decision despite the current overbought condition in the short term.