Monad (MON) Crashes 47% From Post-Launch Highs — Is This A New Pi Coin In The Making?
Monad (MON) has dropped 47% from its launch high, mirroring the sharp initial decline seen by Pi Coin, with weak money flow suggesting continued downside risk.Summary
Monad (MON) has experienced a significant crash, falling over 47% from its post-listing peak in just four days, exhibiting a rapid launch spike followed by a sharp correction, a pattern strikingly similar to Pi Coin's early trading behavior.
This comparison is supported by technical indicators: Monad's Chaikin Money Flow (CMF) has dropped significantly since late October, indicating that large buyers are withdrawing capital, a trend that mirrored Pi Coin's initial collapse. Furthermore, the Bull-Bear Power (BBP) reading shows sellers maintain strong control over momentum, suggesting that any short-term bounces may be fleeting.
If the downward trend continues, Monad's price could fall toward support levels at $0.023 or even $0.013. A meaningful reversal, which would break the comparison with Pi Coin, requires MON to reclaim levels above $0.039 and $0.040, accompanied by a return of strong money flow.
(Source：BeInCrypto)