Mantle (MNT) is currently priced at $1.011, reflecting a significant decline of 8.53% over the last 24 hours. The daily trading range has been relatively narrow, with a high of $1.11 and a low of $0.9996, indicating increased selling pressure and potential consolidation below key resistance levels.

Volume stands at approximately 99 million, corresponding to a market cap volume ratio of 3.01%. This volume indicates a decrease in buying interest, aligning with the current downward price trend and suggesting that traders are hesitant to enter new positions at this level.

Technical indicators show several moving averages trending downward, with the 8 SMA at $1.05 down 3.90% and the 21 SMA at $1.08 down 6.68%. The 1-hour RSI is notably low at 19, signaling oversold conditions, while the 7-day RSI at 41 indicates the asset is approaching neutral territory, but still lacking momentum to recover.

Over the past week, MNT has lost nearly 15%, and its 30-day performance reflects a stark decline of over 37%. These figures highlight a bearish sentiment prevailing in the market, supported by the negative price changes observed across multiple time frames.

Given the current price action, technical indicators, and fundamental volume analysis, the sentiment remains predominantly bearish. However, with an oversold RSI, a short-term bounce could be plausible; yet, the underlying trend is not showing signs of reversal.

In conclusion, I recommend a Hold rating for Mantle (MNT) at this time. While a short-term rebound may occur, the overall trend remains downward, and investors should remain cautious until clearer bullish signals emerge.