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

Monad (MON), only 72 hours old on exchanges, saw its price climb about 71% from its opening before pulling back, currently trading near $0.042. Technical indicators on the 4-hour chart suggest momentum is fading: the price is below the Volume Weighted Average Price (VWAP), and the On-Balance Volume (OBV) is trending toward a descending line, signaling weaker volume backing small bounces.

However, significant whale activity is offering support. Mega whales increased holdings by 10.67% and normal whales by 9.51% over the last 24 hours, adding about $919,000 worth of MON. This accumulation could prevent the OBV from breaking down, potentially lifting the price back above VWAP.

The immediate price trajectory hinges on this dynamic: if whales sustain buying and push MON above VWAP, targets are $0.049, $0.053, and $0.056. Conversely, a failure at the current $0.042 level could lead to support at $0.040, with a break below that potentially resetting gains down to $0.031.

(Source：BeInCrypto)