Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Monad is facing renewed pressure after a sharp price drop due to broader market weakness led by Bitcoin. This decline has shaken investor confidence, leading to significant selling activity in large groups.
With the change in sentiment, the question is now whether MONAD can stabilize or deeper losses.
Sponsored
Sponsored
Whales are for sale
Whale activity has become a source A major concern for investors in MONAD this week Data on the chain show that large wallets containing more than $1 million of MONAD – without the exchanges – sold more than 8 million tokens in just 24 hours. This level of distribution indicates a clear decline in confidence among influential holders, who often drive major price movements.
Its exit from the axis could create additional downward pressure if the trend accelerates.
This aggressive whale selling usually reflects expectations for continued declines or a desire to reduce exposure during periods of volatility. Since these portfolios have a large supply, their collective movements can strongly influence the direction of the price.
Want more insights into coins like these? Subscribe to Harsh Notariya’s newsletter for the daily segment on cryptocurrencies here.
The broader activity on the network of monads also paints a picture of caution. Active addresses have been steadily declining over the past week, with activity almost at a standstill in recent days. Active addresses represent users who interact with the chain, either by sending, receiving or performing transactions.
Sponsored
Sponsored
This decline in activity reflects uncertainty Among the holders of MONAD. As long as unfavorable market conditions persist, user engagement may be low, limiting the organic demand needed to support price recovery. Recovering active stocks is essential to regain momentum.
The price of MONAD may see a drop
The price of Monad is down 5% in the last 24 hours, trading at $0.029 at the time of writing. The digital currency is trying to establish short-term support in the $0.027 to $0.030 range as it looks for stability.
However, the above pressures indicate a greater downside risk. If the sale of whales continues and participation in the network becomes weaker, Monad can decrease Towards major support at $0.023, increasing losses for coin holders.
On the positive side, if the bullish momentum returns and the whales stop distributing, The monad can recover. A recovery from $0.030 will allow the target currency to reach $0.035, with a possible extension to $0.045. Entering this zone will cancel the negative outlook and restore investor confidence.
