Cryptocurrency Mantle (MNT) is currently trading at $1.08, marking a -3.28% decrease against the US Dollar within the last 24 hours. The crypto asset has underperformed the market, with the total crypto market cap decreasing by -2.77% in the same period.

MNT's performance has been lackluster, recording a -1.26% loss against Bitcoin, the world's largest cryptocurrency. Over the past month, Mantle has dropped -10.16%, however, it has managed to rise 119.93% since a year ago.

Despite the recent downturn, predictions suggest MNT could reach $1.40 by May 2, 2024, indicating a 30.20% price increase in the next five days. However, this forecast is accompanied by a bearish sentiment, with 71% of indicators favoring a negative prediction.

The Fear & Greed index currently reads 67 (Greed), suggesting that investors are optimistic about the market. However, this could also indicate that the market is overvalued.

Technical indicators show mixed signals, with the 50-day Simple Moving Average (SMA 50) suggesting a bullish signal, while the 200-day Simple Moving Average (SMA 200) indicates a bearish market.

In conclusion, while the short-term forecast for Mantle is bearish, the market's unpredictability and inherent volatility mean that investors should proceed with caution.