Mantle Staked Ether (METH) is currently trading at $3,057.76, reflecting a 24-hour change of 0.72546%. The daily price range has fluctuated between $3,002.66 and $3,100.68, indicating a relatively stable trading environment with a daily range of 98.02%.

The trading volume stands at 2,229,149, which corresponds to a volume-to-market cap ratio of 0.32%, suggesting moderate trading activity. Short-term moving averages, including the 8, 13, and 21 SMAs, show slight positive momentum, while the 55 SMA indicates a stronger upward trend of 1.52%, contrasting with the longer-term 144 SMA, which is down by 2.03%.

The 1-hour RSI is at 51, indicating a neutral position, while the 7-day RSI of 46 suggests a slight bearish momentum. The 7-day, 14-day, and 30-day price changes reveal significant declines of -11.36%, -21.44%, and -27.71%, respectively, pointing to sustained downward pressure over the past month.

The all-time high for METH is $5,312.55, achieved on August 24, 2025, indicating substantial room for recovery potential. Despite recent declines, the current price is above key short-term moving averages, suggesting that bullish momentum could re-emerge if buying pressure increases.

Given the current market dynamics, including relatively stable trading volume and a neutral RSI, METH appears to be consolidating. However, the overall downward trend over the past month and the bearish longer-term indicators necessitate caution.

Rating: Hold. While METH is currently positioned for potential upward movement, the significant declines in the past month and mixed technical indicators advise against aggressive buying at this time. Monitoring for signs of bullish reversal will be crucial before reassessing the position.