Monad’s Post-Mainnet Pump: Is a Big Drop Just Around the Corner? 🤔

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Key Takeaways

Why Did Monad Rally? (Hint: Whales. Big, Fat Whales.)

So, here’s the deal. Whale leveraged longs pushed Open Interest to a whopping $178 million, which-surprise, surprise-lifted Derivatives Volume. Translation: Big money is making aggressive bullish moves. They’re not just testing the waters. They’re swimming with sharks. 🦈

What Could Move MON Next? (Brace Yourself…)

The RSI is way overbought, and Sequential readings are throwing up red flags for potential volatility. So what’s next? Well, we’re eyeing $0.05 as the resistance and $0.033 as the support. It’s like playing a high-stakes game of chicken. 🐔💥

Monad went on a wild ride post-mainnet launch on November 24th. The price skyrocketed 51.2%, hitting $0.048 before settling at $0.043. Trading volume? Up by 85%, to $1.22 billion. Talk about a market party. 🎉

Whale Futures Demand Exploded (And No, We’re Not Talking About Fish)

After Monad listed on multiple exchanges, whales-those deep-pocketed crypto kings-decided to jump in and grab some MON. They weren’t just dipping their toes in. Nope, they were all-in.

For instance, one whale opened a massive 125.57 million MON position, worth $5.14 million. And guess what? They made a cool $2 million in floating profit when the price spiked. 💰 Another whale went long on 171.68 million MON, worth $5.6 million, with $654k in unrealized gains. Yes, this is how the big boys play.

The fun didn’t stop there. Open Interest shot up by 59.51%, hitting an all-time high of $178 million. Derivatives Volume surged by 139% to $2.65 billion. Whales were in full force. 🐋

This kind of whale activity tends to signal that the big boys are really expecting things to go up. Of course, these leveraged moves create synthetic buying pressure, which often drags retail investors in. It’s like a buffet, and everyone’s got a plate. 🥳

Retail Followed the Momentum (Everyone Loves a Trend, Right?)

Of course, it wasn’t just the whales. Retail traders caught the momentum bug too. After Monad launched, traders started gobbling up MON like it was Black Friday. 📦

But wait, there’s a plot twist. After a massive surge, the Spot Netflow went negative, signaling a shift in sentiment. Basically, early investors started cashing out, sending Netflow to $7.7 million. That’s right-profit-taking started, and the mood shifted. 😬

But just as quickly, Netflow flipped again on November 26th, dropping to -$2.44 million. Translation: Retail started pulling out MON again. Exchange outflows are squeezing the supply, which could put upward pressure on prices. Or… it could set the stage for a crash. Who knows? 🤷‍♂️

Momentum Stretched Into Overbought Levels (Uh Oh…)

AMBCrypto did a little digging, and here’s the takeaway: Monad’s momentum is in overbought territory. The Sequential Pattern Strength hit 107, and the RSI touched 84 before calming down to 79. Buyer dominance is off the charts, but so is the risk. 📉

Here’s the kicker: These high readings often signal that the trend could continue-but they also warn of big volatility ahead, especially when the market is packed with leveraged longs. So… what’s next? A moonshot or a dramatic crash? Only time will tell. ⏳

If whale futures demand holds and retail keeps pulling out, we could see MON push to $0.05 and maybe even higher. But, on the flip side, if all those leveraged longs start to get liquidated, MON could tank down to $0.033. It’s like we’re on the edge of a cliff. 🎢

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2025-11-27 01:28