Monad (MON) Token Rises to One-Week High with $251M Value Locked
- Token Recovery: Monad (MON) has risen over 17% to $0.028 after trading lower post-November airdrop and exchange debut, indicating market expectations for recovery, although it remains below its initial peak of $0.045.
- Record Value Locked: Since its launch, Monad has achieved a record value locked of $251 million, with over $397 million in stablecoins on-chain, highlighting its growth potential in the decentralized finance (DeFi) space, despite app revenues fluctuating based on incentives.
- Increased App Liquidity: Monad's flagship app, Upshift, has seen liquidity increase by over 82% in the past month, now holding $476 million, suggesting a significant rise in usage within its app-based economy, which could drive overall ecosystem growth.
- Active Derivatives Market: MON's derivatives trading is picking up, with open interest near an all-time high of over $127 million, reflecting strong trader bets on market direction, although high volatility and liquidation risks persist in the short term.
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Technical Analysis for MON
Technical Sentiment Analysis for MON (MON). As of , MON (MON) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 4 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, MON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
MON (MON) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0106 | 0.0133 | 0.0161 | 0.0188 | 0.0217 | 0.0244 | 0.0272 |
| Fibonacci | 0.0133 | 0.0154 | 0.0167 | 0.0188 | 0.0209 | 0.0222 | 0.0244 |
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