Monad Finally Shows Up to the Party: 17% Pump Suggests It's Here for the Uptrend

Monad [$MON] has been putting in work lately, casually cruising past local resistance levels like it has somewhere to be. That 17% gain in 24 hours? Just Monad flexing its accumulation-fueled buying pressure. Apparently, this blockchain decided to take the scenic route to the upside, but better late than never—right?

The 20-day average trading volume had been phoning it in during March and early April, but it's starting to show up. Volume started trending higher right as $MON punched through the psychological $0.03 resistance level, which is basically the crypto equivalent of making eye contact across the room. The OBV didn't make any dramatic moves because the increased spot volume is a relatively recent development.

That bullish breakout came with an RSI spike to 75—overbought territory. A short-term correction could follow, but the overall structure is still looking bullish. The $0.0169 and $0.031 levels have been the ones to watch since December, and Monad managed a bullish internal structure break on the 1-day timeframe back on February 14th. Since then, it's been printing higher lows like a well-behaved uptrend.

Beyond $0.0314, the $0.046-$0.048 supply zone just below the all-time high is the next target on the roadmap. Because apparently, Monad's roadmap includes actually using those levels as pit stops instead of just theoretical destinations.

The March uptrend didn't leave much time for long liquidations to build up. The closest liquidity cluster to the south sits at $0.025, with a larger pocket at $0.02-$0.0218. Between $0.025 and the current market price around $0.035, there's a vacuum of notable long liquidations. Meanwhile, short liquidations up to $0.04 could provide some fuel for a short squeeze in the coming days.

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