$MON ‌Market Update – MONUSDT (1H Overview)

The token has been in a steady downtrend for the last sessions. Price kept slipping below the short MAs, which shows sellers were controlling most of the move. But now it’s trying to form a small bounce from the lower zone, so short-term volatility may increase.

RSI stayed in the lower range for a while, meaning the market was oversold earlier. MACD is still weak but flattening, which usually hints that the momentum may cool down before the next direction becomes clear.

In the shorter timeframe, a small recovery move is possible, but mid-term trend is still downward unless price breaks above the nearest resistance zone. Just my personal view — not financial advice.