Monad (MON) To Bounce Further? Key Potential Bullish Pattern Formation Suggest So!

Key Takeaways

• Monad (MON) has dropped nearly 41% over the past two months but is showing early signs of stabilization.
• Price action suggests a potential double bottom pattern forming near the $0.018 support zone.
• Buyers have repeatedly defended the same support level, hinting at fading selling pressure.
• A move above the 50-day moving average could strengthen the short-term bullish outlook.
• A confirmed breakout above the $0.02970 neckline may open the door for a stronger recovery rally.

Monad (MON), the native token of the Monad Layer-1 blockchain, has been under pressure in recent weeks. The token is down roughly 41% over the past 60 days, driven by a slowdown in TVL growth and a decline in application-level revenue across the ecosystem.

However, sentiment may be starting to shift. MON posted a 12% bounce today, and more importantly, its price structure on the daily chart is beginning to show early signs of a bullish reversal — suggesting the downside momentum could be losing steam.

Double Bottom Pattern in Play

On the daily timeframe, MON appears to be forming a potential double bottom pattern, a classic bullish reversal structure that often develops near the end of extended downtrends.

The first bottom was formed when MON dropped toward the $0.018 support zone, followed by a rebound that carried price back toward the neckline resistance near $0.02970. That recovery attempt was rejected, sending MON back down to retest the same support level.

What’s notable this time is buyer behavior. Once again, demand emerged around $0.018, preventing a breakdown and forming the second bottom of the structure. MON is currently trading near $0.02071, indicating that selling pressure may be fading.

Momentum indicators are starting to support this view. The MACD is showing early signs of a potential bullish crossover, often seen as an initial signal that downside momentum is weakening and buyers may be preparing to step back in.

What’s Next for Monad (MON)?

For this bullish setup to gain credibility, MON needs to reclaim the 50-day moving average, which is currently positioned near $0.02266. A sustained move above this level would signal a shift in short-term momentum and improve the probability of a recovery rally.

If buyers manage to push price back toward the $0.02970 neckline, the market will be watching closely. A decisive breakout above this resistance, ideally followed by a successful retest, would confirm the double bottom pattern and open the door for a stronger upside move.

On the downside, the $0.018 support zone remains the most critical level to defend. A breakdown below this area would invalidate the bullish structure and likely expose MON to another leg of downside or extended consolidation.

Bottom Line

Despite recent weakness, MON’s technical structure is starting to look constructive. The repeated defense of identical lows, the emergence of a double bottom pattern, and improving momentum signals suggest that Monad could be approaching a potential turning point.

If key support continues to hold and the token reclaims its short-term moving averages, MON may be setting the stage for a recovery phase — especially if broader market conditions stabilize in the days ahead.