Mantle Staked Ether (METH) is currently priced at $2,499.78, reflecting a significant 24-hour decrease of -6.49%. The trading range over the last day was between $2,442.72 and $2,728.84, indicating volatility, but the overall sentiment appears bearish given the recent price drop.

Volume traded over the last 24 hours stands at 6,082,705, with a low volatility-to-market cap ratio of 0.92%. The hourly moving averages are also trending downward, with the short-term 8 SMA at $2,506.65 and the 55 SMA notably higher at $2,720.66, suggesting resistance levels ahead.

Momentum indicators are revealing bearish signals, with the 1-hour RSI at 40 and the 7-day RSI at 37, both indicating a lack of buying pressure. Furthermore, the price changes over the past 7, 14, and 30 days show declines of -17.83%, -31.39%, and -26.37%, respectively, underscoring a persistent downtrend.

Given the all-time high of $5,312.55, METH is trading at roughly 47% of its peak value, which could signal long-term potential if market conditions improve. However, the recent technical data and bearish momentum indicators suggest a challenging near-term outlook.

Considering the current market dynamics, including the price decline and weak RSI readings, a cautious approach is warranted. Therefore, the rating for Mantle Staked Ether (METH) is a Hold, as there may be potential for recovery, but immediate short-term risks outweigh the potential gains.