Mantle (MNT) is currently priced at $0.853581, reflecting a significant 24-hour decline of 5.17%. The daily trading range has been tight, between a low of $0.839343 and a high of $0.901979, indicating reduced volatility despite a substantial volume of 73,662,155, which corresponds to a volume-to-market cap ratio of 2.65%.

Technical indicators show a bearish trend, with hourly moving averages consistently below the current price, particularly the 8 SMA at $0.8585, which is down 0.57%. The Relative Strength Index (RSI) on the hourly chart is critically low at 17, suggesting the asset is oversold, while the 7-day RSI at 45 indicates a potential for reversal but still remains under neutral territory.

From a broader perspective, the 7-day, 14-day, and 30-day price changes are all negative, with declines of 6.75%, 14.14%, and 18.71% respectively. The all-time high of $2.86, achieved on October 9, 2025, creates a significant psychological barrier, while the current price remains approximately 70% below this peak.

Given the bearish momentum and technical indicators pointing to oversold conditions, investors should remain cautious. However, the low RSI suggests a possible buying opportunity if momentum shifts, but the overall trend indicates that selling pressure is still dominating.

Overall, the analysis leans towards a Hold rating. While the oversold conditions may signal a potential recovery, the persistent downtrend and lack of strong bullish signals indicate that further declines could occur before any significant reversal takes place.