Mantle (MNT) is currently priced at $0.631643, showing a modest 24-hour change of 1.5312%. The daily price range has been tight, oscillating between a low of $0.615451 and a high of $0.632885, indicating low volatility in the short term.

Trading volume over the past 24 hours stands at 26,028,546, reflecting a volume-to-market cap ratio of 1.27%. The hourly moving averages are showing a bullish trend, particularly the 8 SMA at $0.6264, which is up 0.83%, and the 13 SMA at $0.6237, which has increased by 1.28%.

However, the longer-term indicators tell a different story. The 7-day RSI is at 45, suggesting a neutral stance, while the 14-day and 30-day price changes are negative, at -3.01% and -29.24%, respectively, indicating a significant downtrend in the medium to long term.

The price is currently far from its all-time high of $2.86, reached on October 9, 2025, highlighting the substantial drawdown experienced since then. Market sentiment appears cautious, as the 1-hour RSI is at 69, nearing overbought territory, suggesting potential for short-term pullbacks.

Given the mixed signals from the technical indicators and the negative longer-term price trends, the current market environment for Mantle indicates that a cautious approach is warranted. Therefore, the recommendation is to Hold at this point, as short-term gains may be limited and the broader downtrend could continue to exert pressure on the price.