- Monad (MON) price has dropped by around 5% on a daily chart due to heavy selling pressure, declining its value to around $0.03099.
- The cryptocurrency’s price is currently in oversold territory, which might help it to see a reversal from the current point.
- The drop comes after significant selling pressure and strategic capital rotation by large-scale investors.
On April 24, Monad (MON) price experienced a marginal drop of 5% on a daily chart following profit-taking and capital rotation into other cryptocurrencies like Bitcoin.
As of now, the Monad MON-5.04% is currently trading at around $0.03099 with a drop of 4.72%. According to CoinMarketCap, the cryptocurrency currently holds a market capitalization of around $366.5 million with a daily trading volume of around $76.35 million.
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