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$MON Update
Monad looking soft today. $MON is sitting around $0.021–$0.025 after slipping 7% in the past 24h. Sellers took control and momentum dried up.
Charts don’t look great. It lost its sideways range and broke lower. Bears stay in control unless $0.024 gets flipped back to support. If it keeps bleeding, $0.020 is next, with $0.015 possible on more downside.
Fundamentals tell a different story though. Talk of a $30M buyback from the team could help hold price if it happens. Plus the ecosystem keeps building. Chainlink liquidity bridges and Aave are live, which adds real utility long term.
Short term bearish. Long term still has legs.
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