Mantle (MNT) is currently priced at $0.963311, showing a significant 24-hour decline of 7.84%. The price action has been volatile, with a daily range between $0.895448 and $1.068, reflecting a broader bearish trend as indicated by the 7-day price change of -20.01%.

Trading volume stands at 131,618,224, representing 4.19% of the market cap, suggesting moderate interest but insufficient to sustain upward momentum. The hourly moving averages show a bearish sentiment, with the 8 SMA at $0.9552 indicating a slight positive shift, while longer-term SMAs reflect a consistent downward trend, especially the 144 SMA at $1.12, down 14.16%.

The Relative Strength Index (RSI) indicates oversold conditions, with the 1-hour RSI at 29, which typically suggests a potential for a short-term rebound. However, the 7-day RSI at 40 also implies that selling pressure persists, and the asset remains in a bearish phase over the longer term.

Fundamentally, MNT's performance has been deteriorating over the last month, with a price change of -41.54%, highlighting a severe downtrend. The all-time high of $2.86 achieved on October 9, 2025, seems distant, as current prices remain significantly below that mark.

Given the technical indicators and the prevailing market conditions, Mantle exhibits characteristics of a bearish market with no immediate catalysts for recovery. Therefore, the recommendation is to Hold, as a short-term rebound may occur due to the oversold RSI conditions, but the longer-term outlook remains negative and warrants caution.