Monad (MON) jump 14% as $0.025 resistance dey test di bulls, on-chain activity dey rise
Monad (MON) don rise about 14% for 24 hours, but volume low, meaning fit be say the rally no get strong follow-through. Price still dey trade inside rising 4-hour trend channel after e bounce comot from $0.021 support zone and flip above the SuperTrend, short-term bullish change. BBP readings don improve, but buyer strength still small.
Main level na $0.025, midpoint of the channel and zone wey don reject price four times in two months. If dem cleanly reclaim and hold above $0.025, fit push MON go $0.028. If sellers defend $0.025, downside plan na pullback go about $0.022.
On-chain data give supportive background: daily transactions rise 14% in three days (1.464M → 1.870M) and total transactions reach all-time high 237.9M, reportedly boosted by airdrop and token distribution to Monad NFT holders and active users. Traders suppose watch if MON fit hold $0.025; otherwise the move fit fade back to the lower band of the channel.
Neutral
MON short-term trend don turn bullish (SuperTrend flip and bounce from $0.021) and on-chain activity don improve well after the airdrop, wey fit attract extra demand. But both articles talk say e get condition: volume no dey convincing, and $0.025 don reject price many times. That one make near-term outcome depend on whether MON fit reclaim and hold $0.025.
Short term: if e break above $0.025, e go support continuation to $0.028; if e fail, e fit fade back to $0.022 and trade inside the channel range.
Long term: higher transaction counts and social-driven activity good, but dem no automatically turn to sustained price gains without structural follow-through and strong spot demand. Traders make dem treat this as a resistance test, not a confirmed trend reversal.