$ON Is Quietly Building Momentum as Buyers Stay in Control
ON has delivered another strong move, climbing over 32% while maintaining a healthy bullish structure on the 4H chart. Instead of a single explosive candle followed by a deep correction, the price has been forming a series of higher highs and higher lows, showing that buyers continue to absorb selling pressure.
The recent pullback from the $0.1633 local high appears to be profit-taking rather than a trend reversal. Price remains well above the MA(7), MA(25), and MA(99), keeping the medium-term trend firmly bullish. Every dip during this rally has attracted fresh buying, which is a positive sign for momentum traders.
Volume has expanded significantly throughout the advance. Rising price supported by increasing volume often suggests genuine market participation instead of a short-lived pump. As long as volume stays healthy, bulls are likely to defend key support levels.
Current metrics also paint an interesting picture: • Market Cap: $107.83M • FDV: $154.04M • Chain Liquidity: $951.39K • Holders: 2,157
The relatively low holder count means new participants can still have a noticeable impact on price. However, lower liquidity also means volatility may remain elevated, making risk management important.
The first area bulls need to protect is around the $0.145–0.150 zone. Holding above this region could allow another attempt toward $0.163 and potentially higher if buying pressure continues. Losing this support may trigger a deeper cooldown before the next leg.
Overall,
$ON remains one of the stronger performers on Binance's trending list. The chart still favors the bulls, but after such a rapid advance, traders should expect increased volatility and possible short-term consolidations before the next major move.
Coin Details • Price: $0.1540 • 24H Change: +32.66% • Market Cap: $107.83M • FDV: $154.04M • Chain Liquidity: $951.39K • Holders: 2,157
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