Monad (MON) Faces 64% Rally Potential or $50M Long Squeeze Risk

• Monad (MON) trades near $0.021, down 7% in 24 hours but up 4% weekly.
• An inverse head and shoulders pattern suggests a potential 64% rally if $0.024 breaks.
• A $50 million long liquidation cluster below $0.020 threatens sharp downside.

Monad (MON) faces a pivotal technical moment as conflicting forces converge. The cryptocurrency trades near $0.021 after mixed performance recently. Market participants are closely watching two critical price thresholds. These levels could trigger dramatically different outcomes for MON.

What Technical Pattern is Monad (MON) Forming?

MON displays an inverse head and shoulders pattern on its price chart. This bullish formation has support at $0.020 and a neckline near $0.024. A daily close above the neckline would confirm the pattern's breakout. Such a move could propel MON toward $0.040, representing a 64% climb from current levels. The token remains 56% below its post-listing high of $0.048 despite recent gains.

What Are the Risks for Monad (MON) Traders?

Significant liquidation risks exist below the $0.020 support level. A break downward could activate a $50 million long squeeze cluster. Derivative data shows extreme long positioning on Hyperliquid. Long liquidation pressure exceeds short pressure by over 100% currently. This imbalance creates vulnerability to rapid downward moves. Traders should monitor position sizing carefully near key levels.

What Are the Key Levels to Watch for Monad (MON)?

Two price points define MON's immediate technical outlook. The $0.024 level serves as the bullish trigger for pattern confirmation. Conversely, $0.020 acts as critical support for maintaining structure. A breakdown below $0.020 would invalidate the bullish setup. That scenario could accelerate selling pressure substantially. Market structure turns decisively bearish below this threshold.