Latest MON (MON) Price Analysis

Deep Dive

1. Exchange Liquidity Reduction (Bearish Impact)

Overview: KuCoin delisted MON/USDT trading bots on September 22, disabling 12 automated strategies. This reduced access to liquidity tools like Spot Grid and Futures Martingale.
What this means: Automated trading often stabilizes prices by providing continuous buy/sell orders. The removal likely accelerated manual sell-offs, contributing to the 10.24% drop in MON’s 24h volume.

2. Technical Resistance (Bearish Bias)

Overview: MON trades 43% below its 200-day EMA ($0.0322), a key long-term resistance level. The MACD histogram (+0.00026) shows weak bullish momentum, but the signal line remains negative.
What this means: Sustained trading below the 200-day EMA reinforces bearish sentiment. Traders may interpret this as a signal to hold off buying until a clear breakout above $0.019 (50% Fibonacci retracement).

3. GameFi Momentum Divergence (Mixed Impact)

Overview: While MON surged 12% in August due to GameFi partnerships and NFT adoption, recent developments like Monad’s grants program (tweet) lack immediate catalysts.
What this means: The absence of fresh gaming ecosystem updates has left MON reliant on older narratives, creating a “sell the news” effect after August’s rally.

Conclusion

MON’s decline reflects reduced exchange liquidity and technical bearishness, outweighing its GameFi fundamentals. While the protocol’s long-term vesting schedule (24-month locks) mitigates sell pressure, traders appear cautious amid broader market fear (CMC Fear & Greed Index: 39).
Key watch: Can MON hold the 78.6% Fibonacci support at $0.01765, or will the KuCoin delisting trigger further downside?

Deep Dive

1. Ecosystem Momentum (Bullish Impact)

Overview: MON’s parent chain, Monad, is nearing its mainnet launch, with a grants program for projects building on its ecosystem (MaransCrypto). Applications opened September 18, with approved teams notified by October 10.

What this means: Monad’s growth could drive demand for MON as a governance and utility token. The grants initiative may attract developers, increasing network activity and speculative interest.

What to look out for: Mainnet launch date confirmation and grant recipient announcements.

2. Technical Breakout (Mixed Impact)

Overview: MON’s 7-day RSI hit 82.87 (overbought threshold: 70), while the MACD histogram turned positive (+0.00031184), signaling upward momentum.

What this means: Short-term bullish sentiment is strong, but the extreme RSI suggests a potential pullback. The price ($0.0195) sits above the 7-day SMA ($0.018092), indicating near-term support.

Key threshold: A close below $0.018 (SMA) could trigger profit-taking.

3. Strategic Positioning (Bullish Impact)

Overview: MON’s recent partnerships with DeFi platforms like LendRFi and Kami Unlimited (MON Protocol) aim to expand its use cases. Social media chatter also highlights a perceived price floor at $0.03 (0xfortizo), though current prices remain 35% below this level.

What this means: Partnerships enhance MON’s utility in gaming and creator economies, while price-floor narratives may attract speculative buyers.

Conclusion

MON’s rally reflects a mix of ecosystem optimism, technical momentum, and strategic expansions. However, the overbought RSI and gap between current price and speculated “floor” introduce volatility risks.

Key watch: Can MON sustain buying pressure above $0.018 if Monad’s mainnet faces delays?