Mantle (MNT) is currently trading at $0.609145, experiencing a slight decline of 1.83% over the past 24 hours. The daily trading range has been tight, with a high of $0.626895 and a low of $0.605245, indicating limited volatility amid this downturn.

Trading volume over the past day is approximately 33.58 million, which represents a volume-to-market cap ratio of 1.69%. This relatively low volume suggests a lack of significant buying interest, which could contribute to further price weakness if not reversed soon.

From a technical perspective, the short-term moving averages are bearish, with the 8 SMA at $0.6111 showing a decline of 0.32%. The 21 SMA and 55 SMA also confirm the bearish trend, with respective declines of 1.39% and 1.61%, indicating that momentum remains negative in the short term.

The Relative Strength Index (RSI) readings paint a concerning picture, with the 1-hour RSI at 29, indicating oversold conditions. The 7-day RSI at 44 suggests that while momentum is weak, it is not yet in the extreme oversold territory, allowing for a potential short-term rebound.

Fundamentally, MNT's price has fallen significantly over longer periods, with a 30-day change of -38.21%. This prolonged downtrend, along with the recent price performance, raises concerns about the asset's near-term viability.

Given that MNT is trading well below its all-time high of $2.86, and considering the bearish technical indicators along with weak volume, the outlook appears negative. Therefore, a Sell rating is warranted, as the combination of bearish momentum and lack of buying interest suggests further downside potential in the near term.