Clearly there is strong support around $2.8 and this could be a potential reversing point for MONA/USD. But it could be a little premature at this stage to say that trend is reversing as the momentum is still intact.
scenario: MonaCoin has to break and close above $4.2 resistance in order to move higher, in this case upside target is seen at $7
Consolidation scenario: Price could be trapped between $2.8 support and $3.3 resistance for a little while, break above or below should give some clues on further direction.
scenario: MONA/USD closes below $2.8 support, this might result in a more decline towards $2 psychological support and perhaps slightly lower - $1.8.