Monad (MON) has recently strengthened again amid the market rebound, with a single-day increase of over 19%, becoming one of the standout emerging cryptocurrencies of the day. Although the price experienced a slight pullback after reaching a high, the overall trend has clearly shifted to bullish, and the market is beginning to reassess whether this upward movement has sustainability.
From on-chain data, the fundamentals of the Monad network are gradually improving. According to the latest statistics, network activity has been steadily rising since the mid-December lows. Over the past week, daily active users and new users have grown in tandem, with approximately 76,000 active addresses per day, around 24,000 new users, and over 1.6 million on-chain daily transactions. This indicates that ecosystem usage is recovering, but overall growth remains moderate, showing some divergence from the rapid price surge.
Additionally, Monad recently integrated a 1 USD stablecoin, enhancing on-chain transaction liquidity and providing a smoother settlement environment for short-term trading and application interactions. This change is seen as one of the key catalysts for MON’s daily rise. Meanwhile, some trading platforms have introduced staking or locking mechanisms, which in the short term constrain circulating supply and reinforce price elasticity from the supply side.
From a technical perspective, MON has successfully broken through the previous multi-day wedge consolidation zone. Since December 18, the price has been gradually rising along the converging range, and this volume breakout is viewed as a critical signal of trend reversal. The Relative Strength Index (RSI) shows bullish divergence, and Bollinger Bands are beginning to open, indicating increased market volatility and that bulls are temporarily in control.
Regarding key levels, if MON can hold the short-term support at $0.02169, it is technically poised to further test the $0.02667 region. However, given the significant short-term gains, a technical correction cannot be ruled out to clear out high leverage or unstable positions.
On the capital side, Monad has been active among new projects launched in 2025, with cumulative sales exceeding $217 million, ranking high and demonstrating its continued appeal to investors. However, it should be noted that the new capital mainly comes from new user groups, and the overall scale still has room for growth.
In summary, Monad’s current rally is driven by technical breakthroughs, improved liquidity, and capital inflows. The short-term trend remains strong, but whether it can develop into a sustained rally still depends on subsequent user growth, ecosystem implementation, and overall market sentiment.
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