Mantle ($MNT) Exhibits Strong Recent Gains but Caution Warranted Amid Short-Term Volatility

I see that Mantle ($MNT) is currently priced at $1.03, with a relatively low 24-hour trading volume of approximately $260 million. The recent trend shows a slight 1.22% decrease over the past hour and a 3.07% decrease in the past 24 hours, yet over the last week, the price has surged by nearly 47%, and it has grown 60% over the past month. Despite this bullish short-term momentum, the coin remains about 33% below its all-time high of $1.54. The token's market capitalization is around $3.46 billion, indicating a significant market presence, and its trading volume suggests active market participation. The recent price correction could be viewed as a healthy retracement after a strong weekly and monthly rally. Given the notable recent gains and the current dip, this might be an opportune moment to watch for potential rebound signals or consolidations. Overall, Mantle exhibits strong recent growth with some short-term volatility, but it remains well-positioned within its recent bullish trend. Investors should consider the broader market context, including overall crypto market sentiment and technical indicators, to determine if this retracement offers a buying opportunity or signals caution. The strong recent weekly and monthly gains imply underlying momentum, but the slight short-term decline warrants close monitoring for confirmation of continued upward movement or further correction.