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Monad has held a key support level on higher timeframes, and this could open the path for a subsequent trendline breakout.
After two weeks of sustained downtrend, Monad ($MON) appears to have reached a bottom. This base is a long-standing support area that has cushioned weak price action several times in the past, boosting confidence that it will hold.
Monad Holds Weekly Support
Last week, $MON closed at $0.0186 after reaching a low of $0.0183. This close fell within a strong support range between $0.0184 and $0.0158 on the 1-week chart.
Notably, this demand zone has a long history of supporting prices during periods of weakness. On three prior occasions, it helped Monad establish a base during downtrends and provided the momentum for a rebound.
The first was in mid-December 2025, when post-launch selling pressure kicked in. Monad crashed from around $0.487 to a low of $0.165 on December 18. There, buyers stepped in and sparked a short-term rebound higher.
In February, $MON joined the broader crypto market downtrend to the support level again. Specifically, it dipped to a low of $0.0158 before bottoming, as the support proved too hard to overcome. The last retest of this support was in early June, when Monad dropped to $0.0180 but quickly rebounded.
Last week, the coin tested the demand zone again, and as always, buyers stepped in to form a bottom. The attention now shifts to how high Monad can push from here.
Support Rebound Shifts Focus to Trendline Breakout
With the area underneath providing support, Monad has faced resistance above. Prices have repeatedly been rejected by a descending trendline, capping earlier recovery attempts.
This dynamic resistance first forced a higher price rejection in November 2025, when an attempt to break bearish structure stalled at $0.080. $MON continued to correct, subsequently bottoming at the support highlighted earlier.
Another recovery attempt in May ended at $0.0365, also aligning with the descending resistance trendline. Following the recent bounce from the support, attention has now turned to this higher timeframe supply zone.
Notably, $MON has begun to compress between the upper resistance and lower support as consolidation tightens. This suggests that a breakout is becoming closer. Should the current upward momentum persist, the coin could eye a breakout from this 8-month-old structure.
$MON Breakout Target
Monad is up nearly 10% this week. However, it would need to grow by another 37% from the current price of $0.0204 to reach the resistance line near $0.0280. Breaking above this level with strong volume paves the way for higher prices.
Typically, a descending trendline breakout initially targets its highest price point, bringing the November 2025 high of $0.080 into focus. From here, this represents a 292% increase.
Meanwhile, for this to happen, Monad would have to keep holding the current support and break out from the descending trendline. Failure to do so invalidates a sustained uptrend in the short term.