Monad [MON] has surged 17% in the past 24 hours, breaking past the psychological resistance level of $0.03. This bullish momentum is attributed to increased accumulation and buying pressure, as indicated by a spike in trading volume and a strong RSI reading of 75, suggesting overbought conditions. The altcoin has maintained an uptrend since February, setting higher lows and breaking past key resistance levels. The recent breakout positions Monad to target the $0.046-$0.048 supply zone, just below its all-time high. However, traders are advised to watch for potential pullbacks to demand zones around $0.03 and $0.033, which could offer buying opportunities. A drop below $0.02912 could signal a retracement or a failed breakout, challenging the current bullish structure.