Monad (MON) jumps 14% as $0.025 resistance tests bulls, on-chain activity rises
Monad (MON) is up about 14% in 24 hours, but volume is relatively low, suggesting the rally may lack strong follow-through. Price is still trading inside a rising 4-hour trend channel after bouncing from the $0.021 support zone and flipping above the SuperTrend, a short-term bullish shift. BBP readings improved, yet buyer strength remains limited.
The key level is $0.025, the channel’s mid-point and a zone that has rejected price four times in two months. A clean reclaim and hold above $0.025 could push MON toward $0.028. If sellers defend $0.025, the downside plan is a pullback toward $0.022.
On-chain data adds a supportive backdrop: daily transactions rose 14% in three days (1.464M → 1.870M) and total transactions hit an all-time high at 237.9M, reportedly boosted by an airdrop and related token distribution to Monad NFT holders and active users. Traders should monitor whether MON can hold $0.025; otherwise, the move could fade back toward the lower band of the channel.
Neutral
MON’s short-term trend has turned bullish (SuperTrend flip and bounce from $0.021) and on-chain activity improved strongly after the airdrop, which can attract incremental demand. However, both articles highlight conditionality: volume is not convincing, and $0.025 has repeatedly rejected price. That makes the near-term outcome hinge on whether MON can reclaim and hold $0.025.
Short term: a breakout above $0.025 supports continuation toward $0.028; failure suggests a fade back toward $0.022 and range trading within the channel.
Long term: higher transaction counts and social-driven activity are constructive, but they do not automatically translate into sustained price gains without structural follow-through and strong spot demand. Traders should therefore treat this as a resistance test rather than a confirmed trend reversal.