Monad (MON) Risks a Slide to Listing Lows as Big Players Walk Away — Last Hope At $0.028?
Monad (MON) faces a potential slide to listing lows due to a double top formation and significant withdrawal of liquidity by large buyers and derivatives traders.Summary
Monad (MON) has lost momentum after an early December surge, forming a double top pattern around the $0.033 resistance level, signaling exhaustion.
Technical indicators confirm this weakness: the Chaikin Money Flow (CMF) is below zero and breaking its trendline, indicating waning large spot buyer confidence, and the Smart Money Index is also rolling over, suggesting fading rebound conviction.
Compounding the spot market concerns, derivatives traders are aggressively closing positions; top 100 addresses, smart-money perps, whales, and consistent winners have all sharply reduced or exited their futures exposure, leaving the market fragile. If MON loses the critical $0.028 support, it risks falling to $0.022 and potentially the post-launch low near $0.020, while a bullish reversal requires reclaiming the $0.038 Fibonacci level.
(Source：BeInCrypto)