Mantle (MNT) is currently priced at $0.6817, reflecting a 24-hour decline of 4.18%. The price has fluctuated within a daily range of $0.6661 to $0.7193, indicating significant volatility as the market adjusts to recent bearish trends.

Trading volume stands at approximately 101.87 million, with a volume-to-market cap ratio of 4.64%, suggesting moderate market activity but lacking strong bullish momentum. The hourly moving averages show a consistent downtrend, with the 8 SMA at $0.6899 and the 21 SMA at $0.6971 both indicating short-term resistance levels.

Momentum indicators are bearish, as reflected by the 1-hour RSI of 44 and the 7-day RSI at 37, both suggesting oversold conditions. This aligns with the longer-term bearish price changes, with the asset down over 20% in the last week and nearly 33% over the past 30 days.

The all-time high of $2.86 achieved in October 2025 demonstrates significant potential upside; however, current market dynamics are challenging. A sustained recovery would require a break above the 55 SMA at $0.7257, which is currently acting as a critical resistance level.

Given the current technical indicators, including the consistent downward trend in moving averages and RSI readings suggesting weakness, the recommendation is to Hold. This strategy allows for potential recovery if the price stabilizes above key resistance, while also mitigating risk in a currently bearish market.