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$MON is currently trading around 0.02699 after bouncing from its intraday low of 0.02608. The chart reflects a recovery attempt as buyers step in near the lower support zone, with short-term candles stabilizing above MA5.
Support: 0.02610
Second Support: 0.02580
Resistance: 0.02760
Next Target: 0.02820 — breaking above MA10 and clearing 0.02760 opens room for this upside move.
The MACD is flat but gradually improving, indicating that bearish pressure is weakening. Volume spikes during upward candles confirm that dips are being bought.
$MON is preparing for a potential short-term reversal, and the current structure favors a steady upward push if resistance levels are reclaimed
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