MON/USDT Recent Price Action Deserves Attention

MON/USDT's recent price action certainly warrants close attention. The coin has been oscillating in the 0.025-0.031 USDT range for most of the past half month, with neither bulls nor bears able to completely dominate the other side. After retracing from the high near 0.031, the price is now stuck around 0.027—this is a classic "direction selection" moment. Whether we see a rebound or continued downside pressure on support depends on the balance of buying and selling forces ahead.

From a technical indicators perspective, there are some interesting signals:

RSI is currently reading 48.15, very close to the 50 midpoint between bulls and bears. Readings above 50 typically indicate bullish dominance, and at this critical level, whichever side can exert force first will essentially reverse the short-term momentum.

The KDJ signal is more definitive. The J line has already moved above the K and D lines, playing a "vanguard" role, while both K and D lines remain below 30 in the oversold zone. Oversold conditions generally suggest selling pressure is nearing exhaustion and rebound opportunities are building. With J leading and the KDJ configuration at low levels, this setup typically suggests a reasonable probability of short-term rebound.

On the MACD side, the current formation appears to provide some support as well. Overall, MON's technical picture shows characteristics of accumulating rebound signals. However, with high variability in price action, it's still necessary to closely monitor whether the key 0.027 support can hold firm in the near term, and whether new trading volume emerges to confirm rebound intentions.