- MON price analysis shows a rounded base forming between $0.017 and $0.022 after an 11-week correction phase.
- A break above $0.022 with volume could open upside toward $0.026 and $0.030 supply levels.
- Failure to hold $0.017 may shift focus to $0.015 as downside risk re-emerges.
MON price analysis points to a developing structural shift after weeks of controlled decline. Price compression above $0.017 now defines the chart, while momentum indicators begin to stabilize near range highs.
Compression Phase Signals Structural Shift
MON price analysis shows the asset transitioning from impulsive downside to tight consolidation. After peaking near $0.038–$0.040, the price entered a prolonged correction lasting 11 weeks.
However, recent candles reflect reduced follow-through on each sell attempt. The 23-day consolidation range between $0.017 and $0.022 has narrowed volatility.
Volume has contracted materially compared to earlier distribution waves. As a result, breakdown attempts lack expansion and fail to attract aggressive sellers.
Repeated defenses of the $0.017–$0.018 zone indicate steady absorption. Long lower wicks form consistently after dips into that region.
This behavior contrasts with earlier sessions when declines extended without meaningful recovery.
Trendline Break and Momentum Stabilization
MON price analysis identifies a decisive technical development on the daily timeframe. Price pierced the descending resistance trendline that defined the post-spike downtrend.
That trendline previously capped every lower high during the decline. The break occurred directly above the established horizontal demand area.
Multiple tests of $0.017 held without a conviction breakdown. Each retest met responsive buying, preventing continuation toward lower levels.
Momentum indicators now reflect a gradual improvement. The MACD histogram flipped positive while the price remains within the range of highs.
This setup suggests momentum expansion could precede a broader price move if resistance yields.
Short-Term Levels and Market Commentary
MON price analysis now focuses on the $0.021–$0.022 area as a key pivot. A daily close with acceptance above $0.022–$0.023 could shift focus toward $0.026.
Beyond that, $0.030–$0.033 marks the next visible supply cluster. Market commentator Aromat noted that MON closed Thursday down 5% at $0.019.
Despite weakness, the token recovered more than 13% from the $0.016 low. At the time of writing, the price traded near $0.0215 during the Asian session.
The same commentary identified $0.021 as a crucial intraday threshold. Holding above it could allow attempts toward the $0.024 trendline resistance.
Conversely, failure to defend the level may expose $0.015 as a downside target. Risk parameters remain clearly defined within this structure.
The base between $0.017 and $0.022 frames both opportunity and invalidation. As long as higher lows continue inside the range, downside momentum appears contained.
