Mantle (MNT) is currently trading at $0.620259, reflecting a 2.62% increase over the last 24 hours, with a high of $0.626895 and a low of $0.604402. The daily range of $0.022493 indicates a relatively stable trading environment, but the volume of 30,388,581 suggests moderate interest among traders.

The hourly moving averages reveal a mixed sentiment; while the 21 SMA shows a slight upward trend at +0.37%, the 55 SMA is down -0.61%. The 1-hour RSI at 56 indicates that the asset is neither overbought nor oversold, signaling a potential for continued consolidation in the near term.

However, the 7-day RSI of 45 and significant price declines over 7, 14, and 30 days (-7.10%, -26.47%, -35.65%, respectively) point to bearish momentum. This prolonged downtrend, compounded by the failure to sustain higher prices above the 144 SMA at $0.6349, raises concerns about the asset's short-term viability.

The market cap's volume ratio at 1.50% shows low trading activity relative to its market cap, reflecting a lack of strong investor confidence. Furthermore, with the all-time high of $2.86 reached in October 2025, MNT has not demonstrated the necessary bullish momentum to regain significant price levels since then.

Considering the technical indicators and the ongoing downtrend in price, a cautious approach is warranted. Therefore, the recommendation is to Hold, as MNT may stabilize in the short term but lacks the momentum for a decisive upward move in the current market context.