Monad ($MON) is down 0.6% to $0.0235, underperforming Bitcoin as capital continues rotating out of smaller altcoins. Main catalyst: • Weak altcoin sentiment. The Altcoin Season Index has been falling, signaling traders are moving capital back into Bitcoin and larger-cap assets. Additional factors: • MON recently lost a key support trendline, weakening its short-term technical structure. • Traders are becoming more cautious after the latest meme-driven rally faded. • The NFT Rep Campaign ends on June 4, potentially removing a short-term source of demand. Key levels: • Support: $0.020 • Major support: $0.015 • Resistance: $0.025 • Bullish confirmation: Reclaiming and holding above $0.025 Outlook: The short-term trend remains bearish while MON trades below $0.025. If buyers defend the $0.020 area, price could stabilize and consolidate. A break below $0.020 would increase the risk of a move toward $0.015. Bottom line: MON's weakness appears driven more by the broader altcoin rotation than by project-specific issues. The key level to watch is $0.020—holding that support could keep the correction contained, while losing it may trigger another leg lower. 📉