Market Performance and Emerging Patterns
In the crypto market, MON, the native token of Monad — a high-performance Layer-1 blockchain — has remained in the spotlight this week following its November 24th listing. The token touched its all-time high of $0.04876 before pulling back to $0.03360.
Meanwhile, MON is now stabilizing and trading above that level at $0.03675, but the price action is beginning to reveal a notable harmonic pattern is emerging, hinting that MON may be gearing up for its next major move.
Harmonic Pattern Analysis
On the 2-hour chart, MON is forming what appears to be a Bearish ABCD harmonic pattern. While the name suggests a bearish outcome, these setups often produce a strong bullish CD-leg rally before the price even reaches the potential reversal zone (PRZ). That bullish thrust is what traders are focusing on now.
The pattern kicked off with a sharp move from Point A ($0.023430) to Point B, which marked MON’s initial surge. This was followed by a corrective drop into Point C ($0.033601), where buyers stepped in and aggressively defended the structure. That defense has created the base for a potential upward expansion.
Since bouncing from C, MON has climbed back toward $0.03672, signaling the early stages of the CD-leg advancing—one of the strongest parts of the harmonic sequence.
A major hurdle now sits at the 50 MA, currently around $0.03982. This level is acting as dynamic resistance, and the chart shows price consolidating just beneath it. A clean breakout above the 50 MA would confirm bullish strength and accelerate the harmonic progression.
Potential Future Movements for MON
If bulls manage to push MON above the 50 MA and sustain momentum, the next target sits near the 1.65 Fibonacci extension at $0.059421, which also aligns with the harmonic PRZ (Potential Reversal Zone). This zone represents the completion of the ABCD pattern — and reaching it would mean a powerful 62% potential upside from current levels.
However, traders should remain cautious. A drop back below the C-leg support at $0.033601 would invalidate the harmonic structure and open the door to renewed bearish pressure. Even more importantly, the chart also hints at a potential Head and Shoulders breakdown forming beneath this level.
If this pattern triggers, MON could face a much deeper corrective phase, signaling a major downside move that traders must keep in mind.