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Traders Monitor Monad and MegaETH Price Strength Amid Short Squeeze Risks
11/24/2025, 18:07
AI SUMMARY
●• Monad and MegaETH show strong price recovery; 0.027 level on Monad key for liquidations
●• Potential for $90M in short liquidations if resistance is breached
●• Price action signals renewed interest in high-performance L1/L2 assets
Community discussions have highlighted significant strength in Monad (MON) and MegaETH prices following the recent market dip. Traders noted that breaking the 0.027 level on Monad could trigger approximately $90 million in short liquidations.
The swift recovery in these assets has been interpreted by some participants as a sign of renewed risk appetite in specific altcoin sectors.
Observations suggest a potential rotation or specific interest in these high-throughput chain assets relative to the broader market.