Mantle (MNT) is currently trading at $0.978806, reflecting a slight decline of 1.68% over the last 24 hours. The daily price action shows a range between $0.977641 and $1.012, indicating a relatively tight trading range of 3.43%.

The trading volume stands at approximately 119.5 million, which translates to a volume-to-market cap ratio of 3.76%, suggesting moderate liquidity. Short-term moving averages are predominantly bearish, with the 8 SMA and 13 SMA both indicating declines of around 1%, while the 55 SMA has turned slightly positive at +1.06%.

Momentum indicators reveal a 1-hour RSI of 40, approaching the oversold territory, while the 7-day RSI at 47 indicates a neutral trend. Notably, the 7-day price change shows a decline of 5.24%, reflecting recent bearish sentiment, whereas the 14-day change is slightly positive at 2.07%, suggesting potential short-term recovery.

The longer-term outlook remains concerning, with a significant 30-day price decline of 24%. MNT's all-time high of $2.86, recorded in October 2025, indicates substantial room for recovery; however, the current price action suggests a struggle to regain bullish momentum.

Given the bearish short-term indicators and a lack of strong buying pressure, the recommendation is to Hold MNT at this point. This strategy allows for observation of potential price stabilization or reversal in the face of moderate bearish pressure, as indicated by moving averages and RSI levels.