Monad (MON) surged 14% in the latest trading session, ranking fifth among the top 200 cryptocurrencies by market cap. Despite the price increase, trading volume remained low, suggesting limited momentum. The altcoin's rally was driven by a bullish technical setup, with network activity contributing to the upward movement. Monad has been trading within a rising trend channel, with recent price action bouncing off the $0.021 zone and surpassing the SuperTrend indicator. However, the cryptocurrency faces significant resistance at $0.025, a level that has previously halted further gains. Breaking this resistance could pave the way for a rise to $0.028. Network activity on the Monad blockchain has increased, with daily transactions rising 14% over the past three days, reaching 1.870 million. Despite this, the strength of the bulls remains uncertain, and the altcoin continues to trade below the critical $0.025 resistance level.