Monad Price Prediction: MON Slumps 14% As Arthur Hayes Says ‘I’m Out.’

The Monad price dropped 7% over the past 24 hours to trade at $0.03722 as of 4:52 a.m. EST on trading volume that slid 38% to $503 million.

This comes after BitMEX co-founder Arthur Hayes slammed the token on X.

”I’m out,” he said. ”Send this dogshit to ZERO.”

That contrasted sharply with bullish comments he made earlier in the week, when he predicted the token could, in the long run, soar to $10.

This comes at a time when the native token of the newly launched Layer-1 blockchain has continued to suffer losses amid volatility that has plagued the token since its debut.

Monad Price Shows Potential for Short-Term Stabilization Despite Weakness

After rallying strongly after launch and reaching a local high near $0.049, the MON price then lost momentum and dropped into a clear, rounded-top formation, which signals bullish exhaustion.

Once the rounded top was complete, the Monad price slipped into a controlled downtrend, trading below the 50-period Simple Moving Averages (SMAs) on the 30-minute timeframe.

The bearish bias strengthened as the price of Monad continued to respect the falling 50-day SMA, with sellers maintaining market control.

However, after reaching the key horizontal support region around $0.036–$0.037, MON is beginning to show early signs of stabilization. This support zone previously served as a consolidation area during the earlier rally, making it a major support area.

The Relative Strength Index (RSI) provides supporting evidence of a possible recovery attempt. After drifting through bearish territory for most of the decline, the RSI is currently hovering near 42, indicating that while the market remains bearish, downside momentum is no longer accelerating.

Moreover, the Moving Average Convergence Divergence (MACD) shows signs of improvement. The histogram is stabilizing around the zero line, and the blue MACD and orange signal line are narrowly converging.

MON appears to be attempting a bounce from its support zone.

If buyers defend this level, the Monad price could push toward the dropping 50-day SMA, which aligns with the next significant resistance area. This places a near-term recovery target around $0.0385–$0.0395, representing both dynamic resistance and the midpoint of the recent downswing.

If the bullish stance is maintained, the next key resistance is around $0.045.

Conversely, if the bears take charge of MON, the price could drop back to the $0.030 support area.