MON has surged 15%, reclaiming $0.025 as buyers regain control.
The $0.025 zone remains a key barrier for the altcoin’s price action.
Failure to clear resistance may lead to a retracement toward $0.020.
Monad’s native token, MON, has gained 15% in the last 24 hours.
The rally represents the most compelling evidence yet that the bearish momentum that has defined MON’s price structure since its initial post-launch correction is losing its grip.
Selling pressure is visibly easing. Buying volume is returning at progressively higher levels.
And the technical conditions that have historically preceded sustained trend reversals in newly launched Layer 1 tokens are coming into clearer focus.
So, what’s next for MON’s price?
Bullish Structure Eyes Continuation
The Monad token is accelerating to the upside following a sharp impulsive move on the 4-hour chart. Price has now reclaimed the $0.025 zone, pushing into a key resistance area that previously capped upside attempts.
Momentum is strengthening; however, the next reaction will determine whether this is a breakout or a short-term exhaustion spike.
Initially, MON’s price traded within a well-defined range, with support holding near $0.0192 and resistance forming around $0.0255.
Price respected this structure for weeks. However, the latest rally signals a shift in market behavior.
Buyers stepped in after a higher low formed near $0.0205. As a result, price printed a strong bullish leg, breaking minor resistance levels with ease. This suggests increasing demand and improved market confidence.
Meanwhile, the Directional Movement Index (DMI) indicator confirms bullish dominance. The +DI (blue) has surged above the -DI (red), while the Average Directional Index (ADX) is rising.
This combination indicates a strengthening trend rather than a weak bounce.
At the same time, the Bull Bear Power (BBP) histogram is expanding positively, reinforcing upward momentum.
However, Monad’s price is now approaching a critical decision zone. The $0.026 region aligns with prior rejection points.
Therefore, bulls must secure a clean break and hold above this level to confirm continuation. If this breakout holds, the next leg higher could unfold quickly.
OKX Listing Fuels Demand
Notably, this move coincides with MON’s recent listing on OKX. Announced on March 23, the exchange has enabled deposits and withdrawals for USDC and USDT on the Monad network.
This expansion significantly improves liquidity flow and capital access, allowing traders to move stablecoins in and out more efficiently. As a result, demand has increased significantly, further supporting the rally.
“MON trading is live on OKX. OKX is also adding deposits and withdrawals for USDC and USDT0 on the Monad network. Money moves on Monad,” the team stated.
However, if buying momentum slows, a short-term pullback remains possible.
MON Price Forecast: Bullish Transition
On the daily chart, Monad’s price is showing early signs of recovery after a prolonged downtrend, with the price now pressing against the $0.025 region.
The asset recently rebounded from the $0.016 base, establishing a sequence of higher lows. This shift suggests weakening bearish control.
However, price now tests the 0.236 Fibonacci level near $0.024, which acts as immediate resistance.
Meanwhile, the descending trendline continues to cap upside attempts, reinforcing a cautious outlook.
A break above this confluence could open the path toward $0.028 and potentially the $0.033 mid-range resistance.
On the downside, failure to hold current levels may trigger a pullback toward $0.020.
Momentum indicators support a gradual bullish shift. The Moving Average Convergence Divergence (MACD) shows a mild crossover, signaling building upside momentum.
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.
