Monad Jumps 53% After Mainnet Debut as Traders Eye Break Above $0.047
Monads mainnet activation gave the market a huge kick in the pants, and in a matter of hours token price surged over 53%.
Quick overview
- The activation of the Monad mainnet led to a significant 53% surge in the token price, breaking a long period of stagnation.
- Market indicators show a clear shift in momentum, with the ADX at 63 and the +DI near 62, suggesting strong upward trend strength.
- Key resistance is identified at $0.047, while immediate support is established at $0.03, crucial for maintaining upward momentum.
- The mainnet launch has spurred increased activity within the Monad ecosystem, attracting developers and boosting wallet interactions.
Monads mainnet activation gave the market a huge kick in the pants, and in a matter of hours token price surged over 53%. This was a massive upside move for MON, and it finally broke the token out of a long period of stagnation that had seen it stuck in a tight consolidation phase. As word of the chain going live got around, liquidity on several major exchanges started to build, which in turn drew even more attention to the project’s performance.
Technical Breakout and Growing Market Momentum
The price breakout was a clean one – MON shot decisively above its multi-week descending trend and left that pesky technical ceiling behind, which had been capping price reactions throughout the stagnant period. Even some of the more short-term traders got in on the action, with strong intraday candles flashing up as they placed bets on potential follow-through. The single most important thing, though, was the chart re-establishing a new support area in the mid-$0.03 range.
The market indicators are all pointing to a clear shift in momentum : the DMI shows the +DI near 62 and it’s widening the gap with bearish pressure – and the ADX above 63 is a clear signal that trend strength is on the up. MON is currently trading around $0.042 and so far buyers have maintained control and limited the amount of corrective pressure they’ve seen.
Monad (MON) Key Levels to Keep an Eye On in the New Trend
With the momentum now firmly in the buyers hands, analysts are watching the structural levels that will determine what happens next with MON. The key resistance zone is just above where it sits now at around $0.047 , a region that historically has a habit of attracting sellers and slowing upward momentum. Clearing that barrier could well open up a new trend leg.
So what are the market checkpoints to keep an eye on right now?
- The immediate support is right back up at $0.03, mid-range.
- Short-term resistance is at $0.047 zone.
- Trend strength – ADX is still at a healthy 63.
- Momentum bias – the +DI is still dominant, near 62
As long as buyers can hold onto the newly gained support band, the overall structure is looking pretty good for an attempt to push higher. But, failure to hold the range and we might see MON get pulled back to where it was in the consolidation phase.
Mainnet Debut Creates a Stir and Fuels Interest
The mainnet rollout got a whole lot of activity going on in the Monad ecosystem. The promise of 10,000 transactions a second and super-low costs made it an attractive environment for developers and early adopters to get involved. Several teams jumped straight in and started deployments, which in turn drove a noticeable spike in wallet activity, contract interactions and cross-platform listings.
The launch also coincided with a timely reminder about the project’s early public sale price at around $0.025 – which prompted a bunch of value-focused buyers to get in on the action as they could see the rising network performance for themselves. As applications began testing the new infrastructure, demand for MON grew alongside rising participation in the ecosystem.
And with the token now getting more promotion on major platforms, it’s got a lot more visibility than it did before – which has only served to shape the narrative around speed, scalability and early technical execution.
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