Monad (MON) Crashes 47% From Post-Launch Highs — Is This A New Pi Coin In The Making?
Monad has dropped over 47% from its post-listing high in simply 4 days. The Monad worth chart reveals a fast launch spike adopted by a pointy draw back slide, a sample much like how Pi Coin traded instantly after its launch. Both are new layer-1 initiatives that launched with sturdy consideration, however each slipped rapidly after launch.
This piece compares the chart buildings after which examines whether or not MON is exhibiting the identical sustained weak point as Pi Coin, or if its personal setup nonetheless signifies indicators of stability.
Monad Mirrors Pi Coin’s Early Post-Listing Slide
Pi Coin misplaced 86.57% of its worth throughout the first six weeks after itemizing and is now down greater than 91% from its post-launch high.
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Monad has followed an identical opening path, dropping 47.57% from its peak in solely 4 days.
Both charts present the identical early traits:
- A quick launch spike
- A deeper correction nearly instantly
The key distinction is the market backdrop. Pi Coin launched throughout a stronger crypto setting earlier this 12 months. And when it dropped, it couldn’t even recuperate half of its losses regardless of BTC hitting new highs in early October.
Monad is getting into a weaker market the place liquidity is skinny and huge property are struggling to carry momentum. So the chances are actually not in favor.
Even although the price-specific parallel between MON and PI is evident on the floor, the following step is to look deeper into Monad’s personal chart and construction to see whether or not the weak point continues or if there are early indicators of help forming.
Supply Strength Weakens As Large Money Flow Drops
Monad’s inside image turns into weaker as soon as we study how massive cash has behaved for the reason that itemizing week.
The first sign comes from CMF, which tracks whether or not larger patrons are sending cash into an asset or pulling it out. After the preliminary post-launch spike, the token stabilized close to the tip of October, which is when CMF grew to become usable. From that time, the money-flow line has moved just one approach — down.
Since October 27, CMF has dropped by greater than 270% and has remained beneath zero for many of the decline. A fall beneath zero means bigger patrons are stepping apart, not including help.
Even massive market gamers like Arthur Hayes have expressed doubts relating to Monad, citing the numerous outflows of capital.
MON’s CMF is now sitting near its lowest studying for the reason that token went reside, which normally alerts that confidence from deeper pockets has not returned.
This mirrors what Pi Coin showed in its first twenty days. Its CMF collapsed by nearly 330% early on, and the worth drifted decrease for weeks.
The second downside seems within the bull-bear energy studying. BBP measures whether or not patrons or sellers have extra management of momentum. When BBP leans this closely detrimental whereas CMF retains making new lows, even recoveries are typically short-lived.
Taken collectively, these indicators point out that Monad just isn’t but attracting sturdy bidding. The MON worth chart seems bearish, and each metrics point out that patrons stay hesitant. Even if short-term bounces seem, a significant reversal appears to be like troublesome except massive quantities of cash return and momentum turns upward.
How Low Can Monad Price Go If The Slide Continues?
With cash stream weakening and sellers in full management, the final piece of the puzzle is the worth construction itself. The short-term development on the 4-hour Monad price chart has pointed down since November 26, and the candles have revered that slope with none significant shift.
In this part, the chart works like a easy extension map the place every failed bounce pushes the following stage into focus.
If Monad loses $0.026, the slide can lengthen towards $0.023, which is the following clear continuation stage on the trend-based extension. If momentum stays weak and cash stream continues to say no, even $0.013 stays on the desk as a deeper projection.
These ranges seem far, however Pi Coin additionally continued to slip post-launch, and the similarity within the early construction is tough to disregard.
Any restoration try wants to begin with a transfer again above $0.029. That solely stabilizes the construction. The actual shift seems provided that Monad closes above $0.039 after which $0.040.
A push above these bands would break the present slope, rebuild confidence, and weaken the comparability with Pi Coin’s early chart.
For now, Monad trades beneath each of these marks, with cash stream nonetheless close to its lows and momentum held by sellers. Unless these two situations flip, the trail of least resistance stays down, and the parallel with Pi Coin stays alive moderately than fading.
The publish Monad (MON) Crashes 47% From Post-Launch Highs — Is This A New Pi Coin In The Making? appeared first on BeInCrypto.
