Monad (MON) price surged 12% in 24 hours, breaking out of a two-and-a-half-month sideways consolidation between $0.01911 and $0.02424. The chain’s Total Value Locked (TVL) more than doubled in one month, rising from $1.205 billion to $2.677 billion, while the stablecoin market cap nearly doubled from $482 million to $703 million. Daily DEX volume hit $191.77 million, pushing the weekly total to $595 million and the monthly sum above $1.80 billion. Selling pressure declined sharply from 867.67 million tokens to 15.84 million MON. However, resistance at $0.03 is still blocking further gains, with the market structure remaining bullish as long as price holds above $0.02434.
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