MON’s price remains under heavy pressure as sellers dominate | Credit: Hameem Sarwar
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Key Takeaways
MON hits an all-time low as the downtrend remains intact.
Several indicators show limited buyer interest in the crypto.
If MON fails to rise above $0.018, it could decline further.
Monad (MON) has entered a critical phase after sliding to a fresh all-time low of $0.016. This has wiped out multiple support levels and extinguished expectations of a year-end rally.
While a modest rebound has followed, the broader market structure remains tilted to the downside.
At press time, MON trades around $0.017, down roughly 0.4% over the past 24 hours.
With indicators still subdued and price action beneath key resistance, the latest uptick appears more consistent with a technical pause than the beginning of a sustained recovery.
So can MON’s price stabilize from here, or is further downside still in play?
Monad Struggles to Reclaim Lost Ground
Within the 2-hour timeframe, the Money Flow Index (MFI) indicates a persistently weak demand profile.
At 44.23, the indicator remains below the neutral 50 threshold, signaling continued distribution.
Although MFI has stabilized following its recent dip, the lack of an upswing suggests buyers remain reluctant to step in aggressively at current levels.
The Relative Strength Index (RSI) tells a similar story. Sitting at 43.27, RSI remains capped below the midline, reflecting muted momentum and limited bullish follow-through.
While the indicator has rebounded from oversold conditions, its failure to reclaim 50 leaves MON’s price vulnerable to rising selling pressure.
Repeated failures to reclaim this area highlight persistent overhead supply.
If sellers regain momentum, the price risks a retest of the $0.016 all-time low, with a breakdown potentially pushing Monad’s price.
Downside Bias Persists Across Higher Timeframes
On the 4-hour chart, the broader bearish structure remains intact.
Monad’s price has broken several support zones below, a move reinforced by the Bull Bear Power (BBP) indicator, which continues to print red histogram bars below zero.
This configuration signals sustained seller dominance, even as price attempts a shallow rebound.
The Moving Average Convergence Divergence (MACD) further confirms the trend.
The indicator remains firmly in negative territory, with consecutive red histogram bars underscoring ongoing downside momentum.
The 26-day EMA crossing above the 12-day EMA reinforces the bearish bias, suggesting the recent bounce is corrective rather than impulsive.
For this outlook to shift, the MACD would need to show a clear deceleration in selling pressure, followed by a bullish crossover supported by expanding green histogram bars.
Until that occurs, the technical structure continues to favor downside risk over recovery.
MON Price Analysis: Key Levels to Watch
Fibonacci retracement levels offer additional context. At the time of writing, MON’s price is attempting to stabilize near $0.018, with the 0.236 Fibonacci level sitting at a higher level of $0.024.
However, without a break above the $0.018 resistance zone, upside attempts are likely to face repeated rejection.
Should MON reclaim this level with volume confirmation, a move toward $0.024 could come into focus.
Until then, rallies appear vulnerable to being sold into, leaving the broader trend skewed toward continuation.
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.
