$MON has formed a clear base after completing a deep corrective move.

The strong rebound from the lows reflects renewed speculative interest, followed by a phase of controlled sideways movement.

This type of price behavior often signals absorption of selling pressure and gradual accumulation by market participants.

The structure now appears more balanced, with sellers struggling to push price lower while buyers maintain support.

As long as MON continues to hold above this base, the technical outlook favors a continuation toward higher levels once momentum expands.