Monad’s price has hit a 3-month high amid strengthening on-chain activity.
New addresses have increased, suggesting that inflows are beginning to support the rally.
Indicators reveal a bullish technical setup, but MON price could still face resistance.
Monad is gaining serious traction. The MON token has climbed to a three-month high, driven by a sharp increase in on-chain activity.
As momentum builds, traders are now asking: Can this rally continue?
MON Price Analysis: What’s Driving the Rally?
At first glance, the move looks strong. However, the real story lies beneath the surface.
Monad’s on-chain metrics show consistent strength throughout March, and importantly, this momentum carries into early April.
Transaction counts remain high, fluctuating between 1.7 million and just above 2.1 million.
Crucially, the network avoids sharp contractions.
Instead, activity consolidates within a stable range, which often signals healthy demand rather than speculative spikes. This type of behavior typically reflects organic usage rather than short-lived hype.
As a result, it seems Monad’s price will reach higher highs in the short term.
As April begins, transaction volumes are rising again, approaching recent highs. This shift suggests that users are re-engaging with the network, reinforcing the idea that momentum is building rather than fading.
Active address data adds another layer to this trend. Throughout March, participation stabilizes between 12,000 and 20,000 addresses.
During this period, returning users account for the majority of activity, highlighting strong retention and consistent engagement.
However, the structure begins to evolve toward the end of the month. Both new and returning addresses start increasing at the same time. This is a key development.
That said, sustained growth will depend on whether this influx of new users continues. Without it, activity could plateau despite strong core engagement around the MON token.
Monad Technical Analysis: Higher Highs
From a technical standpoint, Monad’s price is recovering toward the $0.026–$0.028 range after weeks of choppy consolidation. Buyers stepped in during late March, forming higher lows and defending the $0.023 support level.
Now, price is testing the 0.382 Fibonacci level at $0.028 after reclaiming the 0.236 level. However, momentum remains controlled, and resistance continues to cap gains.
Meanwhile, indicators support the bullish case. MACD shows a clear bullish crossover with expanding histogram bars.
At the same time, CMF turns positive at 0.06, signaling steady capital inflows.
Even so, pressure remains. The descending trendline still limits breakout strength.
Monad’s price is now at a critical level. If price breaks cleanly above $0.028, it could rally toward $0.032 and possibly $0.036.
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.
