Mantle Staked Ether (METH) is currently priced at $3,338.96, reflecting a slight decline of 1.00061% over the last 24 hours. The daily trading range has shown volatility, with a high of $3,395.48 and a low of $3,322.74, indicating a 72.74% fluctuation within the session.

Volume has been recorded at 1,943,778, with a volume-to-market cap ratio of 0.23%, suggesting relatively low trading activity relative to its market capitalization. Technical indicators show bearish momentum with all moving averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, and 144 SMA) trending downward, particularly the 144 SMA, which is currently at $3,428.00, indicating a significant resistance level.

The 1-hour RSI is at 43, indicating a neutral to bearish sentiment, while the 7-day RSI is at 49, suggesting that METH is nearing the oversold territory. This is further supported by the 7-day price change of -1.07% and a more pronounced decline of -9.04% over the last 30 days, reflecting ongoing bearish pressure.

Despite a recent positive uptick of 5.48% over the last 14 days, the overall trend shows a lack of strong upward momentum. The all-time high of $5,312.55, reached on August 24, 2025, remains significantly above current levels, reinforcing the importance of establishing strong support to attract bullish traders.

Given the current market conditions, including bearish moving averages and declining price trends, a cautious approach is warranted. Therefore, the recommendation for Mantle Staked Ether (METH) is to Hold, as it may experience further downside before a potential reversal or accumulation phase is established.