MON Token Faces Sharp Sell-Off Amid Liquidity Concerns

Monad ($MON) is under serious pressure, sliding 9.9% over the past 24 hours and down 30.8% on a weekly basis. The downward momentum reflects a combination of headwinds hitting the market.

Liquidity issues and potential manipulation risks flagged by major venues have spooked traders. Meanwhile, staking unlocks continue to weigh on sentiment—even the recent launch on a major exchange failed to provide meaningful support. The token has broken below its $0.0196 support level, a critical technical floor that held through previous waves of selling.

On the charts, RSI readings show severe oversold conditions, typically a sign of capitulation. Yet the bounce we'd normally expect hasn't materialized, suggesting sellers still have conviction. Without fresh catalyst or stabilization at current levels, downside risks remain elevated for holders watching this unfold.