Mantle Staked Ether (METH) is currently trading at $3,199.76, reflecting a significant 24-hour decline of 5.59%. The price has seen a daily range of 217.58%, with a high of $3,413.80 and a low of $3,196.22, indicating high volatility in the short term.

The volume over the past 24 hours stands at 4,062,045, contributing to a volume-to-market cap ratio of 0.55%. The hourly moving averages indicate a consistent downward trend, with the 8 SMA at $3,309.00 and the 144 SMA at $3,399.47, all showing losses between 3.30% and 5.87% over the past day.

Momentum indicators reveal a bearish sentiment, as evidenced by the 1-hour RSI at 29, which suggests oversold conditions. The 7-day RSI is at 44, indicating a potential continuation of bearish pressure, while the 7-day price change has dropped by 13.78%.

In terms of longer-term performance, METH has experienced a 14-day price decline of 12.88% and a 30-day decrease of 26.24%. These figures demonstrate a significant downward trend from its all-time high of $5,312.55, reached on August 24, 2025.

Given the combination of bearish momentum indicators, declining moving averages, and negative price changes across multiple timeframes, a cautious approach is warranted. Therefore, the recommendation for METH is to Hold, as there may be potential for a rebound in the near term, but current conditions do not support a Buy rating.