MON is currently in a low-range sideways movement. After this wave of decline, a tentative bottom was formed around 0.020. The old support level continues to play a role, but the selling pressure here remains quite stubborn, and the rebound above is always suppressed.
From the current pattern, although there are signs of a bottom test, a true confirmation of a sustained upward trend still requires a stronger breakout signal. It is more appropriate for the market to remain cautious for now. Continued observation of whether these key levels can be effectively broken or if a clear upward breakout point can be identified will provide more confidence in judging the future direction.
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LiquidationKing
· 5h ago
The selling pressure is so fierce that 0.020 can't hold up. Let's wait for a breakout signal.
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GweiWatcher
· 5h ago
The selling pressure is too stubborn; 0.020 still can't hold up.
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MysteryBoxBuster
· 5h ago
0.020 this support level won't break no matter what, but with such strong selling pressure, I don't dare to buy the dip.
MON is currently in a low-range sideways movement. After this wave of decline, a tentative bottom was formed around 0.020. The old support level continues to play a role, but the selling pressure here remains quite stubborn, and the rebound above is always suppressed.
From the current pattern, although there are signs of a bottom test, a true confirmation of a sustained upward trend still requires a stronger breakout signal. It is more appropriate for the market to remain cautious for now. Continued observation of whether these key levels can be effectively broken or if a clear upward breakout point can be identified will provide more confidence in judging the future direction.