Mantle (MNT) is currently trading at $1.009, experiencing a significant 24-hour decline of 7.07%. The daily trading range has been narrow, with a high of $1.12 and a low of $1.013, indicating a lack of volatility despite considerable trading volume of 211,151,331, contributing to a volume-to-market cap ratio of 6.43%.

Technical indicators show that MNT is underperforming across multiple short-term moving averages, with the 8, 13, and 21 SMA all around $1.09, reflecting declines between 7.27% and 7.82%. The 1-hour RSI is at a critical level of 25, suggesting that MNT is oversold in the short term, while the 7-day RSI sits at 50, indicating no clear trend in that timeframe.

From a longer-term perspective, MNT has seen a 7-day price change of -1.63%, a 14-day change of -14.72%, and a substantial 30-day decrease of 31.10%. The all-time high remains at $2.86, reached in October 2025, which highlights the considerable distance MNT needs to recover to regain investor confidence.

Given the current market conditions, including a notable downtrend, oversold short-term indicators, and the absence of significant buying pressure, a cautious approach is warranted. The combination of bearish momentum and resistance levels suggests that MNT is not positioned for a rebound in the near term.

Rating: Hold. The oversold RSI may indicate a potential for a short-term bounce, but the overall trend remains negative, warranting caution before making new positions. Investors should wait for clearer signs of stabilization or reversal before considering entry.