Mantle (MNT) is currently trading at $1.28, exhibiting a 24-hour change of 2.709%. The price has experienced a daily range of $1.22 to $1.35, indicating a moderate level of volatility in the short term.

The volume for the last 24 hours stands at approximately 190.76 million, translating to a volume-to-market cap ratio of 4.58%, which suggests decent liquidity. However, the hourly moving averages indicate a bearish trend, with the 8 SMA, 13 SMA, and 21 SMA all trending downwards, while the 55 SMA shows a slight upward movement.

The 1-hour RSI is positioned at 55, suggesting that the asset is neither overbought nor oversold in the immediate term. In contrast, the 7-day RSI at 46 indicates a bearish sentiment, as the price has seen a significant decline of 10.80% over the past week and a more substantial drop of 21.42% over the last two weeks.

Given the price action and moving average data, Mantle is facing downward pressure with a longer-term trend showing a steep decline of 53.45% over the last 30 days. Despite the recent uptick, the asset is still significantly below its all-time high of $2.86, reached in October 2025, highlighting a substantial loss of momentum.

In summary, while the current price shows a minor recovery in the short term, the overall trend remains bearish with declining moving averages and negative price changes over multiple time frames. Therefore, based on the current data, the recommendation for Mantle (MNT) is a Hold, as it is prudent to wait for clearer signs of trend reversal before making any buying decisions.