Monad Nears Seven-Day Low: Traders React to Slowdown
Monad is currently trading at $0.02311, down about 17.39% over the previous day. The rapid slowdown and the ongoing controversy around the project’s fully diluted valuation are the reasons behind this decrease. The token has already decreased by more than 52.59% from its peak during launch week, which was close to $0.048. At $0.02417, it is near the bottom of its seven-day range.
On the other hand, at $525 million, spot volume has increased by about 35%. This demonstrates that merchants continue to operate despite declining pricing. Derivatives activity, however, has decreased. The volume of futures has increased by almost 20% to $26.5 million. In addition, open interest has decreased by 13% to $3.1 million. This typically occurs when traders, rather than holding their holdings through volatility, close them during a cooldown.
Monad CEO and Arthur Hayes Clash Over Token Valuation
Last week, the market faced additional pressure due to a public spat between Monad’s CEO and Arthur Hayes. According to Hayes, the project’s fully diluted valuation was excessive for a brand-new network. According to him, MON‘s structure strongly favors early backers. The CEO of Monad disagreed, claiming the price was justified by the team’s funding, codebase, and long-term goals. Their exchange spread swiftly on X, and some early buyers took the moment to lessen risk. It changed the atmosphere during a crucial stage of the token’s trading cycle, yet it didn’t result in an instant breakdown.
Monad Price Slides Toward $0.024 Amid Strong Selling Pressure
Since being denied, Monad has been steadily declining by about $0.048. The market is clearly heading in one direction rather than bouncing sideways, as evidenced by the price being stuck to the lower Bollinger Band. The low 30s to mid-40s have been the relative strength index’s stable range. Sellers might therefore continue to push without reaching actual oversold levels.
Volume backs the downturn. Green volume has been weak and primarily reactive, whilst red candles exhibit the largest increases, particularly when minor supports fail. Every attempt to hold $0.03 has failed because of this imbalance. An average directional index above 50 also suggests the trend is strong. From the early trading range, the $0.024 level is now a crucial support and reference point. Holding it would at least steady the price and create a route back toward $0.027–$0.030.
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