The Monad (MON) token broke through the $0.027 resistance level on its third attempt, reaching a peak of $0.03398 before retracing to $0.032257. The RSI stands at 69.23, nearing overbought territory, while maintaining support above $0.027 remains critical for preserving the bullish structure. Monad announced the imminent arrival of privacy features using zero-knowledge proof technology, scheduled for the October 6th Open Summit. StraitsX plans to issue XSGD (Singapore dollar-denominated stablecoin) and XUSD natively on Monad in early 2027, as the network already holds approximately $692 million in stablecoins, establishing a solid foundation for payment infrastructure development.
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