$$MON /USDT Always based on the data you shared:

Price and market data

Last price: 0.04588 USDT (≈ 12.94 rupees)

Change in 24 hours: +52.68% - a massive increase in one day.

Highest price in 24 hours: 0.04650 USDT

Lowest price in 24 hours: 0.02929 USDT

Trading volume in 24 hours:

MON: 22.92 billion

USDT: 889.01 million

This surge indicates strong bullish momentum, possibly driven by high trading volume and market speculation.

Technical levels (approximate support/resistance)

Immediate resistance: 0.04650 (highest price in 24 hours)

Short-term support: 0.04000 (last consolidation level)

Key psychological levels: 0.03500, 0.03000, 0.02500

The price is currently testing near-term resistance after a sharp rise, which could lead to:

1. Continued upward movement if momentum persists and buyers remain strong.

2. A pullback towards the 0.040-0.042 range if profit-taking occurs.

Trading insights

Sharp increase in trading volume: 22.92 billion USD in 24 hours, indicating high liquidity and active participation.

Volatility: Extremely high (over 50% of daily movement) - more suitable for short-term traders than long-term investors.

Risk: These explosive moves can reverse quickly, so risk management is critical.

Summary

The price of MON is experiencing a strong rise, but it is highly volatile. Monitor the resistance level of 0.0465 USDT, and the support level of 0.040 USDT in the upcoming short-term movements.