Arthur Hayes Labels Monad 'Worthless, Headed to Zero' Just One Day After Forecasting $10 Price Target
Arthur Hayes' Reversal on Monad's Token: BitMEX co-founder Arthur Hayes quickly changed his opinion on Monad's token, initially predicting it would reach $10 before calling it "dogshit" and urging followers to "send this to zero."
Impact of Influencer Commentary: Hayes' rapid shift underscores the influence of high-profile traders in the crypto market, who can sway prices with their public statements, often leaving retail traders vulnerable to losses without regulatory accountability.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MON
Technical Sentiment Analysis for MON (MON) As of , MON (MON) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MON stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MON is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
MON (MON) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0114 | 0.0137 | 0.016 | 0.0182 | 0.0205 | 0.0228 | 0.0251 |
| Fibonacci | 0.0137 | 0.0154 | 0.0165 | 0.0182 | 0.02 | 0.021 | 0.0228 |
About MON
About the author
