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Monad (MON) Price Cools After Launch Run — Can Whales Keep It Rising?

Monad (MON) is barely 72 hours previous on exchanges. From its opening worth on November 24, the Monad worth climbed about 71% earlier than giving again roughly 13%. Over the previous 24 hours, it has been up solely about 2% and trades close to $0.042.

For a brand new token, this early slowdown may be both wholesome digestion or the primary signal of a deeper quantity fade. The 4-hour chart is one of the simplest ways to guage that as a result of early listings react quickest on this timeframe.

Volume Signals Look Tired On The 4-Hour Chart

On the 4-hour chart, Monad has slipped beneath its Volume Weighted Average Price (VWAP). VWAP is the typical worth merchants paid once you consider quantity, so buying and selling considerably beneath it reveals consumers are shedding early management.

The stress will increase once you take a look at On-Balance Volume (OBV). OBV is now transferring towards a descending trendline constructed from a sequence of decrease lows. That sample alerts that each small bounce is backed by weaker quantity than the one earlier than it, and yet another slip can create a contemporary decrease low that often triggers a quick quantity breakdown on new listings.

MONAD Price Support: TradingView

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Together, VWAP and OBV level to the identical message. Price sitting beneath VWAP reveals weak spot power, and OBV urgent in opposition to a lower-low trendline reveals fading demand. For a token solely three days previous, this mix is likely one of the clearest early warnings that momentum is cooling. It additionally explains why Monad has barely moved prior to now 24 hours regardless of the early hype.

Whale Buying Offers Support — But Will It Be Enough?

Whale exercise is the one issue nonetheless holding the chart alive. Since costs have stabilized after the primary burst of volatility, spot flows matter extra now.

Over the previous 24 hours:

  • Mega whales elevated their holdings by 10.67%, pushing their stash to 176.44 million MON. They added about 17.08 million MON, price roughly $717,000 on the present worth.
  • Normal whales elevated their stash by 9.51%, reaching 55.42 million MON. They added about 4.80 million MON, price roughly $202,000.
Whale Buying Intensifies: Nansen

Total whale accumulation is about 21.88 million MON added, roughly $919,000 in contemporary spot shopping for, whereas the worth slowed. A good sum for a brand new itemizing.

This sort of pickup (if it continues) may help OBV keep away from breaking beneath its descending trendline. If whale quantity reveals up on the proper time, OBV can bounce and elevate the worth again above VWAP. That is the one path that retains the early uptrend alive.

Key Monad Price Levels Now Decide The Next Move

If whales can pull OBV up and push the MON price above VWAP, the trail turns into clear:

  • First goal: $0.049
  • Next ranges: $0.053 and $0.056

This is the upside path inside early worth discovery. But if $0.042 fails:

  • Next assist: $0.040
  • If that breaks: $0.031, which might reset a lot of the early itemizing positive factors
Monad Price Analysis: TradingView

For now, the message stays easy. Volume indicators look drained, however whales are shopping for the pause. Monad’s subsequent transfer will depend on which occurs first: a clear OBV breakdown, or whale demand lifting the worth again over VWAP and towards $0.049.

The publish Monad (MON) Price Cools After Launch Run — Can Whales Keep It Rising? appeared first on BeInCrypto.

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