# Monad Price Prepares for a 64% Surge—But a $50 Million Long Squeeze Looms
🔥 Key Takeaways
- Monad (MON) is trading at $0.021, down 7% in 24 hours but still up 4% weekly.
- The token remains 56% below its post-listing high of $0.048.
- A bullish inverse head and shoulders pattern suggests a potential 64% surge.
- A $50 million long squeeze risk could trigger a sharp downside move.
## Monad Price Analysis: Bullish Pattern vs. Liquidation Risks
Monad (MON) has been consolidating near $0.021, showing mixed signals in the short term. Despite a 7% drop in the past 24 hours, the weekly performance remains 4% in the green, indicating resilience.
The token’s current price is 56% below its all-time high of $0.048, but technical analysis reveals a potential bullish reversal.
### Inverse Head and Shoulders Points to a 64% Rally
The daily chart shows an inverse head and shoulders (IH&S) pattern, a classic bullish reversal formation. If confirmed, this could propel MON toward $0.0345, marking a 64% surge from current levels.
Key levels to watch:
– Support: $0.020 (neckline)
– Breakout Target: $0.0345
– Resistance: $0.025 (immediate hurdle)
### The Threat of a $50 Million Long Squeeze
While the technical outlook appears optimistic, liquidation risks loom large. Data from Coinglass indicates over $50 million in long positions could be liquidated if MON drops below $0.0195.
A sudden market downturn or aggressive profit-taking could trigger a long squeeze, pushing prices lower before a potential rebound.
## What’s Next for Monad (MON)?
Traders should monitor:
1. Neckline Hold: A sustained hold above $0.020 keeps the IH&S pattern valid.
2. Breakout Confirmation: A decisive close above $0.025 could accelerate bullish momentum.
3. Liquidation Risks: A dip below $0.0195 may trigger cascading liquidations.
If MON successfully breaks out, the 64% rally could materialize. However, failure to hold support may lead to a short-term correction before another recovery attempt.
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