Monad remains inside a descending channel despite a short-term rally | Credit: Hameem Sarwar
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Key Takeaways
The Monad price has bounced after hitting a new all-time low a few days ago.
Indicators are mixed, suggesting it could struggle to sustain the rebound.
If bullish pressure fades, MON’s market value might decline to another low.
Monad (MON) is attempting to stabilize after plunging to a fresh all-time low. This has occurred after the altcoin staged a 15.9% rebound over the last few days, briefly lifting sentiment.
However, despite the relief bounce, broader technical indicators suggest the recovery may lack the strength to reverse the prevailing downtrend, leaving the asset exposed to renewed downward pressure.
Monad’s price is currently trading around $0.19, with a 147% surge in trading volume over the past 24 hours.
This spike in activity raises a critical question: Is this a temporary shakeout or the early stages of a stronger recovery?
MON Forms Bearish Bias
MON’s price rebound has reignited short-term market interest. On the 4-hour timeframe, the Chaikin Money Flow (CMF) reflects this attempted shift in momentum.
Although the indicator remains below the neutral line at –0.12, capital flows are stabilizing, suggesting that selling pressure is easing, even if sustained accumulation has yet to take hold.
At the same time, the Moving Average Convergence Divergence (MACD) has turned decisively positive, reinforcing the early recovery narrative despite CMF’s lingering negative reading.
At press time, Monad’s price is printing expanding green histogram bars, while the 12-period EMA holds firmly above the 26-period EMA.
This bullish crossover confirms strengthening short-term momentum and signals that buyers are gradually regaining control after weeks of subdued price action.
Furthermore, the Monad price bounce followed a direct tap of a major support zone near its recent all-time low, triggering a sharp 15% relief rally.
Even so, the broader structure continues to reflect a pattern of lower highs. This implies that the move has not yet invalidated the dominant bearish trend.
Unless Monad’s price breaks above overhead resistance in the $0.024 region, the rally risks being classified as a temporary relief bounce rather than a confirmed reversal.
MON Price Analysis: Downside Approaching
Confined within a descending channel, Monad’s price continues to print lower lows and lower highs, reinforcing the entrenched bearish structure.
Its recent attempt to reclaim an upswing quickly lost steam and reversed beneath the channel’s upper boundary.
Moreover, each rebound has attracted renewed selling pressure, highlighting the lack of sustained bullish conviction or meaningful volume expansion.
The altcoin repeatedly tests support at the zero Fib level, a zone that has so far prevented a deeper breakdown.
However, repeated retests tend to weaken support over time. Meanwhile, upside attempts remain capped at $0.21, where resistance consistently rejects bullish advances.
The daily chart confirms this cautious outlook. The Money Flow Index trades below the zero Fib line, signaling stronger outflows than inflows.
Similarly, the Relative Strength Index remains in negative territory, underscoring weak momentum and the absence of a convincing reversal signal. As a result, the recent price rise could be a dead cat bounce.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
