Monad traders call it ‘an easy token to short’ – Can MON clear $0.033?

Over the weekend, Monad [MON] rallied by 13.92% from the $0.0245 Saturday low to the $0.0279 Sunday high. The Layer 1 blockchain token was helped in its bullish progress by a Bitcoin [BTC] bounce toward the $84k supply zone. This bounce helped altcoins across the market climb higher, although short-term sentiment has not fully turned bullish once again. The short-term gains were likely driven by capital flows into the altcoin sector, boosted by the seeming turnaround in Bitcoin momentum. Since Friday, the 9th of October, the altcoin market cap has bounced by 2.88% to reach $1.13 trillion.

Source: AMBCrypto