Monad’s token MON experienced fluctuations between $0.020 and $0.23 on Tuesday, indicating a volatile trading session. The project’s focus on layer 1 technology has garnered attention as $100 million in private credit is now verifiable on-chain. Analysts are eyeing a potential retest of resistance at $0.030 for MON.
Currently trading near $0.021, MON saw a 7% decline in the last 24 hours, attributed to profit-taking following a revisit to the $0.025 level. Further price pressure may arise if major cryptocurrencies like Bitcoin continue to weaken.
Despite short-term challenges, Monad’s positioning as a platform for institutional-grade decentralized finance has drawn optimism among analysts. Recent milestones, including the ability to verify $100 million in private credit on-chain, have sparked renewed interest in the project’s long-term prospects.
Monad’s Growth and Valos Partnership
Since its mainnet launch in November 2025, Monad has achieved significant milestones, such as a token sale on Coinbase and a stablecoin market cap of nearly $480 million. The project’s total value locked (TVL) now exceeds $250 million, indicating growing adoption.
In a recent development, Valos introduced a $100 million private credit vault on Accountable’s Yield App, with the credit fully verifiable on-chain through Monad. This integration of traditional finance with DeFi is expected to enhance adoption and utility for MON.
Additionally, the Monad Foundation’s strategic appointments of senior executives from prominent institutions aim to attract institutional investors to the platform, potentially driving demand for MON within the ecosystem.
Price Forecast and Outlook
Currently trading between $0.020 and $0.023, MON’s daily trading volume indicates diminishing seller dominance. Protocol adoption and macroeconomic trends could support a bullish scenario, with $0.020 acting as a crucial support level for a potential breakout towards $0.030.
The recent bounce from the all-time low of $0.016 in February has bolstered short-term optimism, with a target of $0.05 as the next resistance level if bullish momentum persists. However, negative sentiment towards new layer 1 tokens could pose challenges for MON, leading to a retest of support levels at $0.016-$0.010.
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