The price action for $MON has been a wild ride, but the data is starting to flash a major reversal signal. After a brutal 60% drawdown since late November, we are seeing the first signs of a trend shift.
๐ THE RECOVERY BREAKDOWN
๐งฑ Heavy Correction Meets Support
The price has plummeted 86% from its all-time high following the contract launch. However, for the last 48 hours, the bleeding has stopped. Weโve hit what looks like a rock-bottom support zone.
๐ฃ Whale Accumulation (OI Data)
Despite the three-week price slide, Open Interest (OI) has remained stubbornly high. This is a classic "Bullish Divergence"โwhile retail hands were shaking, whales were absorbing the supply and increasing their positions.
๐ Surge & Retest
Yesterday's 18% explosive pump was followed by a healthy cooling-off period. Now, the price is stabilizing and starting to climb again, suggesting that the "sell the news" phase is over.
๐ง WHY NOW?
The market is shifting from "distribution" to "accumulation." With the token currently trading at deep value levels compared to its launch price, the risk-to-reward ratio has flipped significantly in favor of the bulls.
โก MARKET BOTTOM LINE
The 60% drop has flushed out the weak hands. With consistent whale interest and a technical bounce confirmed, the path of least resistance is starting to point upward. ๐ฆ
Stay sharp. Stay nimble. The reversal might have just begun. ๐๐ฅ
$MON
MONUSDT
Perp
0.02008
-0.24%
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