Mantle (MNT) is currently trading at $1.045, reflecting a 24-hour decline of 6.01%. The price has fluctuated between a daily high of $1.17 and a low of $1.036, indicating a tight trading range of just 0.134% which suggests decreased volatility in the short term.

Trading volume over the last 24 hours stands at approximately 136.73 million, contributing to a market cap volume ratio of 4.02%. The moving averages indicate a bearish trend with the 8, 13, and 21 SMA all showing declines of around 4.67% to 5.18%, while the 144 SMA is slightly positive at +1.10%, indicating potential support around $1.03.

The 1-hour RSI is currently at 38, suggesting that MNT is nearing oversold conditions in the very short term. In contrast, the 7-day RSI at 54 indicates neutral sentiment, while the 7-day price change of 8.67% reflects some positive momentum over the past week, although the 30-day price change shows a loss of 8.01%.

Given the current technical indicators and price action, MNT appears to be experiencing short-term selling pressure with key moving averages trending downwards. However, the slight recovery noted in the longer-term SMA indicates potential for a rebound if support levels hold.

Considering the current price action, technical indicators, and market sentiment, I recommend a Hold rating on MNT. This position allows for monitoring potential recovery in the near term, particularly if the price stabilizes above the $1.03 support level.