Monad Testnet Surpasses 73 Million Addresses in 24-Hour Surge
Testnet Growth: The Monad testnet has seen a remarkable increase, adding 3.6 million addresses in one day, bringing the total to over 73 million, indicating strong user engagement ahead of its mainnet launch.
Market Insights: While the surge in testnet activity suggests potential for future adoption, experts caution that this growth does not guarantee success in the main market, highlighting the need for technological advancements as the user base expands.
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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 5 technical signals, shows that 1 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 | 0.01 | 0.013 | 0.0157 | 0.0187 | 0.0214 | 0.0244 | 0.0271 |
| Fibonacci | 0.013 | 0.0152 | 0.0165 | 0.0187 | 0.0208 | 0.0222 | 0.0244 |
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