Mantle Staked Ether (METH) is currently priced at $3,188.60, reflecting a significant 7.83% decline over the past 24 hours. The trading range in this period shows volatility, with a high of $3,468.54 and a low of $3,181.57, indicating that the asset is experiencing a bearish trend.

The hourly moving averages present a consistent downtrend, with the 8 SMA at $3,317.76 reflecting a 3.89% decrease and the 55 SMA at $3,478.85 showing an 8.34% decline. The 1-hour RSI stands at a notably low level of 8, indicating that METH is currently oversold, which could imply a potential short-term rebound.

Volume is relatively low at 1,587,718, corresponding to a 0.20% volume-to-market cap ratio, suggesting limited market activity and interest. The 7-day RSI of 36 supports the bearish sentiment, indicating that METH is approaching oversold conditions, while the 7-day price change of -8.27% reflects ongoing negative momentum.

In the broader context, METH is still far from its all-time high of $5,312.55, reached on August 24, 2025. The significant price drops over the last 14 days (-10.35%) and 30 days (-0.95%) further reinforce the current negative trend, necessitating caution for potential investors.

Given the substantial downward momentum and low RSI readings, a conservative approach is advisable. The current market conditions suggest a Sell rating, as the asset lacks immediate bullish indicators and may continue to face downward pressure in the near term.