Latest MonaCoin (MONA) Price Analysis

Deep Dive

1. Airdrop Campaign (Bullish Impact)

Overview: A December 4th airdrop (announcement) requiring retweets and wallet submissions drove engagement. The campaign coincided with MONA’s 737% 24h volume spike to $1.3M.
What this means: Airdrops often trigger short-term demand as users buy tokens to qualify, creating upward pressure. However, post-event sell-offs are common if recipients cash out.

2. Presale Speculation (Mixed Impact)

Overview: A BNB presale offering 10M $MONA per 1 BNB (tweet) attracted ~30 BNB ($9K) by November 28th.
What this means: Presales can boost visibility but risk dilution. With MONA’s circulating supply at 65.7M, the 5B new tokens (76x expansion) from this presale could pressure prices post-launch.

3. Technical Overextension (Bearish Risk)

Overview: MONA’s RSI7 hit 75.98 (overbought), while its price ($0.107) tested the 23.6% Fibonacci resistance at $0.111.
What this means: Overbought conditions and rejection at $0.111 could trigger profit-taking. The MACD histogram (+0.002713) still signals bullish momentum, but a close below the 7-day SMA ($0.098) would weaken the uptrend.

Conclusion

MONA’s rally combines airdrop-driven retail interest and presale momentum, but technicals warn of overheating. The 76x supply increase from presales and post-airdrop sell pressure could reverse gains.
Key watch: Can MONA hold $0.111 resistance, or will profit-taking accelerate after the airdrop concludes?