$MON is flashing high-conviction bullish signals on the 1H chart. After a strong rally from $0.01832, the price is currently consolidating just below its local high of $0.02230, preparing for a potential breakout.

Technical Indicators: The price is maintaining a strong position above the EMA(7) at $0.02165 and EMA(25) at $0.02096, indicating robust short-term support. The trend is clearly up as long as it stays above the EMA(99) at $0.01956.

Support/Resistance: Immediate resistance is at $0.02230. A break above this level targets the next psychological zones. Strong support is found at $0.02075.

Market Action: With a +14.79% gain today and volume surging to 4.07B MON, the momentum is undeniably in favor of the buyers.

Trade Signal: LONG 📈

Entry: $0.02150 – $0.02200

Target 1: $0.02350

Target 2: $0.02500

Target 3: $0.02800+

Stop Loss: $0.02050

MONUSDT

Perp

0.02132

-1.06%