Mantle Staked Ether (METH) is currently priced at $3,421.52, reflecting a 24-hour decline of 4.37%. The daily trading range indicates significant volatility, with a high of $3,717.99 and a low of $3,415.98, suggesting uncertainty in market sentiment.

Volume stands at 4,929,077, with a volume-to-market cap ratio of 0.66%, indicating moderate trading activity relative to its market capitalization. The moving averages show a bearish trend, with the 8 SMA at $3,464.39 and the 21 SMA at $3,541.48, both indicating recent downward momentum.

The 1-hour RSI is critically low at 15, suggesting that METH is oversold in the short term, while the 7-day RSI at 53 indicates a more neutral position over the week. The 14-day price change of +5.61% suggests some recovery potential, but the 30-day change of -10.41% highlights ongoing weakness.

Despite the oversold conditions indicated by the low RSI, the recent downtrend in daily prices and moving averages suggests caution. The significant drop from the all-time high of $5,312.55 raises concerns about sustained upward momentum.

In conclusion, while the current oversold condition may lead to a short-term rebound, the overall trend remains bearish. Therefore, the recommendation for METH is to Hold, as potential buying opportunities may arise after clearer bullish signals emerge.