#ON After the impulsive rise to ~$0.35, the asset formed a local high and transitioned into a correction phase with subsequent consolidation around ~$0.10.
Current structure:
— the descending trend remains (Supertrend in the sell zone)
— volumes are degrading → lack of demand
— a weak sideways range is forming
📉 Priority scenario: continuation of the decline with a retest of $0.08–0.09
⚖️ Alternative: consolidation in the range of $0.09–0.12
📈 A change in structure is possible only with a firm hold above $0.12–0.13 with an increase in volumes$USDC
At the moment, there are no signs of a reversal, the market remains under the seller's control🫠
Current structure:
— the descending trend remains (Supertrend in the sell zone)
— volumes are degrading → lack of demand
— a weak sideways range is forming
📉 Priority scenario: continuation of the decline with a retest of $0.08–0.09
⚖️ Alternative: consolidation in the range of $0.09–0.12
📈 A change in structure is possible only with a firm hold above $0.12–0.13 with an increase in volumes$USDC
At the moment, there are no signs of a reversal, the market remains under the seller's control🫠
