Monad($MON) Technical Breakdown: Airdrop Pressure Weighs on Recovery
Monad currently trades at $0.0201, down 1.17% over the last 24 hours and declining 30% on the monthly chart. The project faces multiple headwinds that keep it locked in bearish territory.
From a technical perspective, the token sits below key moving averages and has failed to reclaim the $0.018 support level—a critical signal of weakening demand. What's amplifying the selling pressure? Airdrop overhang. Early recipients have dumped approximately 30% of the circulating supply, creating sustained downward momentum that's hard to reverse quickly.
The broader market sentiment isn't helping either. Bitcoin dominance stands at 59%, while the Crypto Fear Index sits at 27, indicating altcoin traders remain defensive. This risk-off environment typically favors BTC accumulation over alternative layer-1 plays.
Key resistance and support levels remain crucial to watch as Monad navigates this consolidation phase.
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MissedTheBoat
· 6h ago
Mon has really been crushed by the airdrop this time, a 30% dump—who can withstand that...
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Once again, airdrop whales are taking turns dumping. When will this routine ever be satisfying?
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BTC is still bleeding, don’t expect layer1 to turn around now. Time to get off.
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Support levels have been broken, the technical outlook looks pretty uncomfortable. Has it truly bottomed out?
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With such heavy airdrop pressure, dare to buy the dip? I wouldn’t.
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Should I cut now or wait? Still torn...
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The volume from the 30% dump... Honestly, Mon looks a bit uncertain this round.
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BTC dominance is too strong; small coins have no chance at all.
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The fear index is only 27, seasoned traders have already lost their feeling, it’s quite normal.
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Wait for BTC to drop back; trying to scoop up Mon now doesn’t seem wise.
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BoredRiceBall
· 11h ago
30% of the supply dumped, how absurd is this airdrop logic, early beneficiaries just ran away
MON's broken trend really shows no hope, down 30% in a month and still falling...
Wait, BTC dominance is already at 59, who still dares to touch layer-1 trash coins...
Bottom-fishing? Forget it, better wait for the panic index to drop first
This broken support can't hold, 0.018 is useless, the technical outlook is just two words—despair
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StablecoinGuardian
· 11h ago
With such airdrop pressure and 30% circulating supply dumping, does $MON still want to rebound? Dream on.
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quietly_staking
· 11h ago
This round of MON is really a textbook example of airdrop dumping... 30% of the supply dumped, who can withstand that?
Everyone has moved to Bitcoin, now playing altcoins really depends on your mindset.
Wait, can't even hold 0.018? How strong does the rebound need to be?
Another excuse for consolidation, can't you just be straightforward and say it's a bottom-fishing opportunity?
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MEVHunterWang
· 11h ago
Airdrop dumps again, same old trick... This time, 30% of the circulating supply was dumped all at once. No wonder MON is so struggling.
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SorryRugPulled
· 11h ago
Mon has dropped again. The early airdrop folks are really something, directly dumping 30% of the circulating supply... This is outrageous.
Bitcoin dominance is so strong, who would still pay attention to small coins? Everyone is just holding onto BTC.
The support level has been broken again. Whether it can hold above 0.018 this time is really uncertain.
Monad($MON) Technical Breakdown: Airdrop Pressure Weighs on Recovery
Monad currently trades at $0.0201, down 1.17% over the last 24 hours and declining 30% on the monthly chart. The project faces multiple headwinds that keep it locked in bearish territory.
From a technical perspective, the token sits below key moving averages and has failed to reclaim the $0.018 support level—a critical signal of weakening demand. What's amplifying the selling pressure? Airdrop overhang. Early recipients have dumped approximately 30% of the circulating supply, creating sustained downward momentum that's hard to reverse quickly.
The broader market sentiment isn't helping either. Bitcoin dominance stands at 59%, while the Crypto Fear Index sits at 27, indicating altcoin traders remain defensive. This risk-off environment typically favors BTC accumulation over alternative layer-1 plays.
Key resistance and support levels remain crucial to watch as Monad navigates this consolidation phase.