Monad (MON) Price Stabilizes After 71% Post-Launch Surge as Whales Eye Next Move
Introduction
The cryptocurrency market is closely watching the nascent trading activity of Monad (MON), a new digital asset that experienced a volatile debut. Following its exchange listing on November 24, the token’s price surged approximately 71% from its opening price before retracing nearly 13%. Currently, in its first 72 hours of trading, the Monad price has shown signs of stabilization, trading near $0.042 with a modest 2% increase over the past 24 hours. This early slowdown presents a critical juncture, potentially indicating either healthy consolidation after an initial spike or the beginning of a more significant decline in trading volume. The market's attention is now split between weakening technical momentum and substantial accumulation by large-scale investors, known as "whales," who have added approximately $919,000 worth of MON to their holdings during this period of price stalling.
Volume Signals Look Tired On The 4-Hour Chart
For a newly listed token like Monad (MON), the 4-hour chart provides the most responsive view of early market sentiment and momentum shifts. Technical analysis of this timeframe reveals two key indicators signaling a potential cooling of initial excitement.
The first is the token's position relative to its Volume Weighted Average Price (VWAP). VWAP calculates the average price a token has traded at throughout the day, weighted by volume. Trading significantly below the VWAP, as Monad currently is, typically indicates that buyers are losing their early control over the price action. This suggests that the average trader who bought MON in its first few days is now holding positions that are at or near a loss, which can dampen further buying enthusiasm.
Simultaneously, the On-Balance Volume (OBV) indicator is flashing a warning sign. OBV measures buying and selling pressure by adding volume on up days and subtracting it on down days. For Monad, the OBV is now approaching a descending trendline formed from a series of lower lows. This pattern is significant because it signals that each minor price bounce is supported by weaker trading volume than the previous one. For a token only three days old, this combination of price sitting below VWAP and OBV pressing against a descending trendline represents one of the clearest early warnings that the initial momentum is fading, explaining why the price has been largely stagnant over the past day.
Whale Buying Offers Support — But Will It Be Enough?
Amidst the concerning technical signals, on-chain data reveals a countervailing force: significant accumulation by large holders. Whale activity often serves as a key support mechanism for new tokens during periods of cooling retail momentum. Spot flow data from the past 24 hours illustrates this dynamic clearly.
According to the data, mega whales—the largest tier of holders—increased their MON holdings by 10.67%. This addition of approximately 17.08 million MON was valued at roughly $717,000 at current prices, boosting their total stash to 176.44 million MON. In the same period, normal whales increased their holdings by 9.51%, adding about 4.80 million MON worth roughly $202,000 and bringing their collective total to 55.42 million MON.
In aggregate, this represents whale accumulation of about 21.88 million MON, equivalent to $919,000 in fresh spot buying during a phase where the price momentum had slowed. This level of accumulation is a considerable show of support for a new listing. If this pattern of whale buying continues, it could provide the necessary volume to prevent the OBV from breaking below its descending trendline. A timely intervention from whale volume could potentially cause the OBV to bounce, which in turn could help lift the price back above the VWAP. This sequence represents the most plausible path for reviving Monad's early uptrend.
Key Monad Price Levels Now Decide The Next Move
With opposing forces of weak technicals and strong whale support at play, Monad's immediate future hinges on a few critical price levels. These thresholds will determine whether the token resumes its upward trajectory or succumbs to a deeper correction.
The bullish scenario is contingent on whales providing enough sustained buying pressure to reverse the current technical weakness. If this occurs and pushes the MON price back above the VWAP, the initial upside target is $0.049. A successful reclaim of this level could open the path toward higher resistance points at $0.053 and $0.056. This would represent a continuation of the positive price discovery phase that typically follows a successful token listing.
Conversely, if whale support wanes and the current level near $0.042 fails to hold, the next significant support level lies at $0.040. A break below this could trigger further selling, potentially driving the price down toward $0.031. Such a move would effectively erase the majority of the gains from the token's initial 71% post-launch surge, resetting its market position.
Strategic Conclusion
The current state of Monad (MON) presents a classic tension between short-term technical indicators and longer-term investor confidence as measured by whale accumulation. The token’s market behavior is characteristic of many new listings that experience an initial burst of volatility followed by a period of consolidation where early trends are either confirmed or reversed.
For market observers and participants, the immediate focus should be on two key developments: whether whale accumulation continues to provide a floor for the price, and whether the On-Balance Volume can avoid a decisive breakdown from its current pattern. A failure in either could signal a test of lower support levels. Conversely, sustained whale interest coupled with a recovery in volume-based indicators could validate the current stabilization as a healthy pause before another leg up.
Readers should monitor real-time data for breaks above $0.049 for bullish confirmation or below $0.040 for bearish continuation. In an asset class known for its volatility, especially in nascent tokens, these early price levels and volume patterns offer critical, data-driven insight into market structure and potential future direction.
Disclaimer: In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.