Mantle (MNT) is currently priced at $1.023, reflecting a slight decrease of 0.75% over the past 24 hours. The trading range during this period has been relatively narrow, with a high of $1.036 and a low of $1.004, indicating a stable market environment but a potential lack of volatility.

The trading volume stands at approximately 85.28 million, contributing to a volume-to-market cap ratio of 2.56%. This suggests a moderate level of trading activity relative to its market capitalization, which could imply some investor caution in the current market conditions.

Technical indicators show that the hourly moving averages are mostly aligned around the current price, with the 8 SMA and 13 SMA slightly positive, while the longer-term 144 SMA shows a slight decline. The 1-hour RSI is at 53, indicating neutral momentum, while the 7-day RSI at 47 suggests that MNT may be nearing oversold territory given its recent price declines.

Over the past week, MNT has experienced a significant price drop of approximately 14.36%, and a more pronounced decline of 37.71% over the past 30 days. This longer-term bearish trend raises concerns about the sustainability of recent price levels and overall market sentiment surrounding the asset.

With the all-time high established at $2.86 in October 2025, MNT is currently trading at about 64.3% below that peak. The significant distance from its all-time high, combined with recent downtrends, emphasizes the potential for continued volatility as market participants reassess their positions.

Given the current price action, mixed technical indicators, and the broader trend of declining prices, I recommend a Hold rating for Mantle (MNT). This strategy allows investors to monitor for signs of recovery or further deterioration while avoiding potential losses from a bearish continuation.