Mantle (MNT) is currently priced at $1.15, reflecting a slight decline of 0.7956% over the past 24 hours. The daily trading range has been narrow, fluctuating between a high of $1.17 and a low of $1.13, indicating low volatility in the short term.

Volume over the last 24 hours stands at approximately 112.82 million, with a volume-to-market cap ratio of 3.03%. This suggests that while there is liquidity in the market, it is not currently experiencing significant trading activity relative to its market capitalization.

Examining the moving averages reveals a mixed technical outlook. The shorter-term averages (8, 13, and 21 SMA) are indicating a slight bullish trend, while the 55 SMA and 144 SMA suggest bearish momentum, especially with the 144 SMA reflecting a decline of 6.28% from the recent price.

The 1-hour RSI is at 53, indicating neutral momentum, while the 7-day RSI at 44 suggests that MNT may be approaching oversold conditions. However, the recent price changes are more concerning, with a 10.73% drop over the past week, contrasting with a modest recovery of 7.11% over the last 14 days.

With the all-time high of $2.86 reached over a year ago, current price levels indicate a significant drawdown. The lack of upward momentum combined with recent price weakness suggests that MNT may struggle to regain bullish sentiment in the short term.

Given the technical indicators, recent price performance, and overall market sentiment, a cautious approach is warranted. Therefore, the recommendation for Mantle (MNT) is to Hold, as current conditions do not present a clear opportunity for aggressive buying, yet there may be potential for stabilization and recovery if momentum shifts positively.