Coinbase Enhances Monad MON Sending and Receiving Features
Coinbase Integration: Coinbase has integrated Monad (MON) Send and Receive functionality, enhancing user interaction with EVM-compatible infrastructure and supporting the growth of Layer 1 ecosystems.
Leadership Statements: CEO Brian Armstrong and Monad founder Keone Hon emphasized the significance of this integration for seamless on-chain interactions and the potential for ecosystem expansion.
User Engagement: The integration allows Coinbase users to transact MON freely, which is expected to redirect capital flows and enhance user engagement within the crypto community.
Market Implications: With 35% of circulating MON staked, the liquidity dynamics may shift, and ongoing regulatory and technological developments continue to attract institutional interest.
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Technical Analysis for MON
Technical Sentiment Analysis for MON (MON) As of , MON (MON) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 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 | 0.0211 | 0.0228 |
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