Mantle (MNT) is currently priced at $0.842224, reflecting a significant decline of 8.26% over the past 24 hours. The daily trading range was tight, with a high of $0.921396 and a low of $0.820962, indicating bearish pressure and market volatility within a narrow band.

Volume for the past 24 hours stands at 66,785,384, representing a volume-to-market cap ratio of 2.44%. This suggests a moderate level of trading activity relative to its market cap, indicating that current selling momentum may not be robust enough to trigger significant changes in the price trend in the short term.

The moving averages indicate a bearish trend, with the 8 SMA at $0.8448 down 0.31%, and the longer-term 55 SMA at $0.8913 down 5.51%. The gradual decline across the SMAs signals persistent selling pressure, further substantiating the negative sentiment around the asset.

The Relative Strength Index (RSI) metrics are concerning; the 1-hour RSI is at 28, indicating potential oversold conditions, while the 7-day RSI at 46 suggests the asset is nearing neutral territory but remains weak. The price changes over the last 7, 14, and 30 days reflect a continuous downward trajectory, confirming that the momentum remains bearish.

Mantle's all-time high of $2.86, reached on October 9, 2025, contrasts sharply with its current valuation, highlighting the asset's significant retracement and loss of investor confidence. Without strong bullish signals or fundamental catalysts, the outlook remains negative, and the risk of further declines persists.

Based on this analysis, I assign a Sell rating to Mantle (MNT). The current price action, coupled with bearish moving averages and weak RSI indicators, suggests further downside potential in the near term, and investors may want to consider exiting their positions to avoid losses.