Mantle (MNT) is currently trading at $0.823747, reflecting a significant decline of 9.62% over the last 24 hours. The price action shows a daily range between $0.820962 and $0.921396, indicating volatility but also a bearish trend given the downward movement from the high.

Volume stands at approximately $64.66 million, with a volume-to-market cap ratio of 2.42%. This relatively low trading volume suggests a lack of strong buying interest, which is concerning in light of the recent price drop.

Short-term moving averages indicate a persistent bearish sentiment, with the 8-period SMA at $0.8872 reflecting a loss of 7.15%. The longer moving averages also point to a downward trajectory, as the 55-period SMA shows a decline of 7.95%, reinforcing the bearish outlook.

The 1-hour RSI is at an extremely low 12, signaling that MNT is oversold in the short term. However, the 7-day RSI at 45 suggests that while momentum is weak, it has not yet entered an oversold condition, indicating potential for a short-term recovery.

In terms of price performance, MNT has declined by approximately 5.95% over the past week and has lost 15.09% over the last 14 days. The 30-day change of -16.61% further highlights the ongoing bearish trend, with no signs of significant recovery.

The all-time high of $2.86 reached on October 9, 2025, seems increasingly distant as the current price reflects a significant retracement from that peak. This reinforces the necessity for traders to be cautious, as the market sentiment continues to weaken.

Given the current technical indicators, including low RSI levels, declining moving averages, and the ongoing price downtrend, the recommendation is to Hold. The potential for a short-term bounce exists, but the overall market conditions are not favorable for new buying positions at this time.