Monad Price Prepares for a 64% Surge— But a $50 Million Long Squeeze Looms Below
Monad's price action suggests a potential 64% surge if it breaks the $0.024 neckline, but a $50 million long squeeze risk exists below $0.020.Summary
The Monad (MON) price is currently trading near $0.021, showing bullish potential via an inverse head and shoulders pattern, which signals a 64% move toward $0.040 upon a confirmed daily close above the $0.024 neckline. Support at $0.020 is being defended by dip buyers, evidenced by a bullish divergence in the Money Flow Index (MFI).
However, derivatives data indicates significant risk, as long liquidations heavily outweigh short liquidations. A drop below the $0.020 support level could trigger a long squeeze, potentially liquidating over $50 million in long leverage and driving the price down toward $0.016.
Ultimately, Monad's direction hinges on key levels: breaking $0.024 confirms the bullish breakout, while failing below $0.020 invalidates the pattern and exposes bearish targets.
(Source：BeInCrypto)