Mantle (MNT) is currently priced at $0.7901, reflecting a significant 24-hour decline of 7.63%. The daily trading range has been relatively narrow, with a high of $0.8585 and a low of $0.7796, indicating increased selling pressure and market uncertainty.

The trading volume stands at approximately 81.6 million, which translates to a volume-to-market cap ratio of 3.18%. This suggests moderate trading activity, but the recent price drop indicates that bearish sentiment is outweighing buying interest among investors.

Technical indicators reveal that the short-term moving averages are all in a downward trajectory, with the 8 SMA at $0.8236 down 4.06% and the 13 SMA at $0.8280 down 4.57%. The longer moving averages, like the 55 SMA at $0.8803 and the 144 SMA at $0.8789, show a more pronounced decline, reinforcing the bearish outlook in the near term.

The 1-hour Relative Strength Index (RSI) is currently at 31, indicating that MNT is nearing oversold territory but lacks immediate bullish momentum. The 7-day RSI at 41 further supports the notion of weakness, while the 7-day, 14-day, and 30-day price changes indicate a persistent downward trend of approximately 10.17%, 16.74%, and 17.83%, respectively.

With the all-time high of $2.86 achieved on October 9, 2025, MNT has substantial room for recovery, but current market conditions suggest caution. The combination of decreasing price levels, bearish moving averages, and low RSI values indicates that investors should be wary of entering new positions at this time.

Given the current downward trend and weak technical indicators, a rating of "Sell" is advised. The market sentiment and price action do not support a bullish reversal in the immediate future, and the risks of further declines outweigh the potential for recovery in the short term.