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MON coin has caused a bit of a stir today—30-minute trading volume surged by 113%, which is quite eye-catching.
The current price is stuck at 0.02857 USDT. From a technical perspective, there is a solid support level around 0.02851 (only 3.26% away from the current price). The next support zone below is between 0.02783 and 0.02804. The resistance above is quite tight, with 0.02965 being a key pressure point, and a resistance zone forms between 0.0296 and 0.03.
Honestly, the current position is right between support and resistance, so it might be better to wait and see. The volume spike of this magnitude usually isn't for nothing and often indicates that the market is about to move. It is recommended to closely monitor MON's subsequent performance and consider entering only when the price gets closer to support or resistance levels for a more secure position.