Mantle (MNT) is currently priced at $0.638397, showing a notable decline of 5.12% over the past 24 hours. The daily trading range has been relatively narrow, oscillating between a high of $0.67326 and a low of $0.623605, reflecting a tight market sentiment.

The trading volume stands at 45,955,413, with a volume-to-market cap ratio of 2.21%, indicating moderate interest in the asset. The hourly moving averages suggest short-term bullish momentum, particularly the 8 SMA and 13 SMA, both showing positive trends, while the 55 SMA indicates a bearish signal.

Technical indicators reveal a 1-hour RSI of 53, which indicates neutral momentum, while the 7-day RSI at 50 suggests no significant trend in either direction. Over the last week, MNT has declined by approximately 0.25%, but the 14-day and 30-day changes show more substantial bearish trends of -7.76% and -32.78%, respectively, highlighting ongoing weakness in the asset's price action.

The asset is significantly below its all-time high of $2.86, which was reached on October 9, 2025. This considerable drop from historical highs may deter bullish sentiment unless strong catalysts are introduced to drive demand.

Given the current technical indicators, price action, and ongoing bearish trends, I assign a Hold rating to MNT. Although there are short-term bullish signals, the longer-term outlook remains weak, and investors should be cautious before initiating new positions.