MON rebounds strongly but key resistance levels still block a broader trend reversal. Spot inflows surge as investors accumulate despite weakening derivatives activity. Fibonacci barriers and
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AnonymousCryptoCompass newsroom
July 6, 2026
1 min read
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MON rebounds strongly but key resistance levels still block a broader trend reversal.
Spot inflows surge as investors accumulate despite weakening derivatives activity.
Fibonacci barriers and moving averages remain critical tests for MON bulls.
Monad (MON) extended its weekly recovery on Monday after attracting renewed buying interest, even as the token continued trading within a broader bearish market structure. The cryptocurrency gained more than 10% over the past 24 hours and nearly 18.5% during the last seven days, lifting its price to $0.02231.
Trading activity also remained elevated, with daily volume surpassing $318 million. Although the recent rebound reflects improving sentiment, technical indicators suggest buyers still face significant hurdles before confirming a lasting trend reversal.
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