Mantle (MNT) is currently trading at $1.075, reflecting a significant 24-hour decline of 8.09%. The price is approaching its daily low of $1.072, indicating potential bearish momentum as it struggles to maintain support levels.

The trading volume stands at approximately 98.3 million, representing a volume-to-market cap ratio of 2.81%. This relatively low volume suggests decreasing interest from traders, which could exacerbate downward price pressures in the short term.

Technical indicators reveal bearish trends with all short-term moving averages (8 SMA at $1.08, 13 SMA at $1.09, 21 SMA at $1.11, 55 SMA at $1.14, and 144 SMA at $1.17) showing negative percentages, indicating resistance levels above the current price. Additionally, the 1-hour RSI is at 32, signaling that MNT is in oversold territory, yet the 7-day RSI of 40 does not indicate an immediate reversal.

The 7-day price change of -13.64% and the 14-day price change of -2.8% confirm ongoing bearish sentiment over both short and medium terms, while the 30-day price change of 6.13% shows some potential for recovery in the longer term. However, the asset remains far from its all-time high of $2.86, suggesting significant overhead resistance before any bullish trend can materialize.

Given the current price action, weak RSI readings, and the overall bearish sentiment, the recommendation is to hold MNT. The price remains near critical support levels, and while there is potential for a short-term rebound, the lack of upward momentum and declining moving averages suggest that immediate buying may not be prudent.