Mantle (MNT) is currently priced at $1.15, with a 24-hour change of 0.37%. The daily trading range is narrow, from a low of $1.13 to a high of $1.17, indicating low volatility in the short term, which is reflected in the volume of approximately 146.2 million and a volume-to-market cap ratio of 3.91%.

Technical indicators suggest a bearish trend, as the 8 SMA shows a decline of 0.43%, while the 55 SMA is down by 3.77%. The RSI readings indicate neutral momentum in the short term (1-hour RSI at 50), but a slightly oversold condition over the past week (7-day RSI at 45), suggesting potential for a rebound.

In terms of price trends, MNT has experienced a significant decline of over 8% in the last week, although it has gained nearly 6% over the past two weeks and about 5.57% over the last month. These mixed signals suggest a period of consolidation, with recent price movements reflecting both selling pressure and a potential recovery in the longer term.

The all-time high of $2.86 remains a key psychological level, and current price action is well below this mark, indicating substantial room for growth if the market sentiment shifts positively. However, the current price dynamics and moving averages suggest that a substantial upward movement may require a break above $1.20 to build bullish momentum.

Given the current technical setup, with indicators showing mixed signals and recent price volatility, a cautious approach is warranted. Therefore, the rating for Mantle (MNT) is Hold, as the potential for recovery exists, but the lack of clear bullish signals suggests waiting for confirmation before taking a position.