Monad ($MON ) fell about 13% over the past 24 hours, making it one of the worst-performing tokens recently, with a gain of just 11.58% over the past year (CoinGlass data). Technically, the price has fallen into a demand zone on the chart, where buying liquidity may emerge. If it holds, the short-term rebound target is $0.035, with stronger momentum potentially pushing it up to $0.037. Meanwhile, the 20-day moving average remains above the 50-day moving average. However, downside risks have not yet eased; the key is whether the price can break above the descending resistance line. (Source: X)#Monad #Cryptocurrency