Monad (MON) hovers near $0.021 like a confused robot 🤖, down 7% in 24h but up 4% weekly. Still 56% below its “glory days” high of $0.048. Because nothing says “success” like falling 56% from your peak. 🚀
The chart’s bullish? Sure, if you squint. An inverse head and shoulders pattern holds-because financial markets love playing dress-up as anatomy charts. But bears lurk like uninvited vampires. 🧛♂️
Inverse Head and Shoulders: A Financial Soap Opera
Monad’s clinging to an inverse head and shoulders setup like a drunk at a barstool. Support’s at $0.020 (aka “the floor we hope doesn’t collapse”). Neckline? $0.024. Break above that and it’s a 64% leap to $0.040. But if it dips below $0.020, well… let’s just say the bears have a trampoline ready. 🧗♂️
The Money Flow Index (MFI) is doing its “I’m bullish but also maybe napping” act. Between Dec 26-29, price dropped while MFI made higher highs. A “bullish divergence,” they say. Translation: Retail traders are buying the dip like it’s a Black Friday sale at the cosmic garage. 🌌
Want more crypto tea? Sign up for Harsh’s Daily Digest 📨 (he uses emojis, so it’s serious).
If MFI tanks? The $0.020 floor becomes a puddle. If it rallies? Bulls high-five like they’ve invented fire. Right now, retail’s doing the bare minimum to keep this party afloat. 🎉
Derivatives: Long Squeeze Edition 🎢
Derivatives scream “LONG!” like a choir of overcaffeinated traders. On Hyperliquid, long liquidations stack at $93.62M vs. shorts at $45.26M. Traders are betting on moon 🌕, but risk’s a ticking bomb. 💣
A break below $0.020 triggers $50.34M in long carnage. Sellers lurk like vultures at a buffet. Fail $0.020? Welcome to the squeeze. Bulls get liquidated, price plummets. Bears get confetti. 🎉
But above $0.024? Shorts get roasted. Breakout confirmed. The moon beckons. 🌕
Monad: The Two-Dollar Menu of Hope
$0.024 up = breakout. $0.029 = momentum turbo. Target: $0.040. Below $0.020? Chart turns bearish. $0.016 looms like a sad clown 🤡. Until then, it’s a coin toss between 64% gains and a $50M car crash.
So, will Monad fly or flop? The universe is watching. 🌌
Read More
- Gold Rate Forecast
- Brent Oil Forecast
- ETH AUD PREDICTION. ETH cryptocurrency
- EUR USD PREDICTION
- USD MXN PREDICTION
- EUR MYR PREDICTION
- RENDER PREDICTION. RENDER cryptocurrency
- Silver Rate Forecast
- USD PHP PREDICTION
- EUR BRL PREDICTION
2025-12-30 20:47