Mantle (MNT) is currently priced at $1.15, experiencing a significant 24-hour decline of 7.12%. The asset has oscillated between a high of $1.30 and a low of $1.11 over the past day, indicating increased volatility within a narrow daily range of 0.19%.

Trading volume stands at approximately 433 million, reflecting a volume-to-market cap ratio of 11.53%, which suggests a healthy trading environment for MNT. However, the short-term moving averages indicate a bearish trend, with the 21 SMA at $1.18 showing a decrease of 2.23%, and the 55 SMA at $1.21 down 5.34%, highlighting a lack of upward momentum.

The 1-hour Relative Strength Index (RSI) is currently at 27, indicating that MNT is oversold in the short term, while the 7-day RSI at 46 suggests a neutral position, yet close to oversold territory. Recent price changes show a 7-day decline of approximately 11.65% and a 14-day drop of 6.04%, contrasting sharply with the 30-day increase of 52.66%, which may reflect profit-taking or market correction.

The all-time high for MNT was reached at $1.54 on April 8, 2024, setting a key resistance level that traders may watch closely. Given the current bearish trend, oversold indicators, and recent volatility, MNT appears to be in a consolidation phase with potential for recovery if buying pressure increases.

Based on the analysis of technical indicators, price trends, and market conditions, a Hold rating is recommended at this juncture. While the oversold conditions suggest a potential rebound, the recent downtrend and resistance levels indicate caution before committing to a buy.