Monad traders call it ‘an easy token to short’ – Can MON clear $0.033?

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Monad climbed 3.4% in 24 hours on Sunday, lifted by Bitcoin’s bounce toward the $84,000 supply zone. The altcoin market cap has gained 2.88% since October 9th to reach $1.13 trillion. However, since October 5th, MON has fallen 21.3%, rejected from the $0.033 resistance zone. Key levels to watch are $0.016 and $0.0375, while a fair value gap with a midpoint at $0.0297 could trigger a short squeeze toward that area. A breakdown below $0.0209 would signal a bearish internal structure shift on the daily timeframe.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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