Monad rises 10.75% after breaking downtrend, but market skepticism lingers with negative funding rates.

Monad (MON) surged 10.75% to $0.02281 after breaking above its descending channel and defending the $0.020 demand zone, signaling a potential recovery. Despite this price rally, trading volume dropped nearly 60%, and negative funding rates in derivatives markets indicate ongoing bearish sentiment among traders. Binance derivatives traders remain bullish with a strong long bias, but the mixed signals suggest caution. If MON can hold above $0.024, it may target $0.030 next; failure to do so could lead to consolidation near current levels.