$MON Extending the Rally đ
MON is trading around $0.0291 â $0.0300, up strongly over the past week as it continues to participate in the broader risk-on move.
Technical Snapshot:
âą Support: $0.0270 â $0.0280
âą Stronger support: $0.0250 â $0.0260
âą Resistance: $0.0310 â $0.0330
âą Momentum: Bullish after breaking higher from the $0.021â$0.022 zone
The Setup:
MON has climbed steadily from the low $0.02 area, printing higher highs and higher lows with solid volume. Price is currently consolidating near recent highs after a multi-day advance.
Potential targets on this rally:
Near-term: $0.0330 â $0.0350 Stretch target if momentum continues: $0.0380 â $0.0420
As long as $0.0270â$0.0280 holds on any pullback, the path of least resistance remains higher while the market stays risk-on.
#MON #Monad #L1 #crypto
MON is trading around $0.0291 â $0.0300, up strongly over the past week as it continues to participate in the broader risk-on move.
Technical Snapshot:
âą Support: $0.0270 â $0.0280
âą Stronger support: $0.0250 â $0.0260
âą Resistance: $0.0310 â $0.0330
âą Momentum: Bullish after breaking higher from the $0.021â$0.022 zone
The Setup:
MON has climbed steadily from the low $0.02 area, printing higher highs and higher lows with solid volume. Price is currently consolidating near recent highs after a multi-day advance.
Potential targets on this rally:
Near-term: $0.0330 â $0.0350 Stretch target if momentum continues: $0.0380 â $0.0420
As long as $0.0270â$0.0280 holds on any pullback, the path of least resistance remains higher while the market stays risk-on.
#MON #Monad #L1 #crypto
