$ON ：Suddenly, an unusual surge of trading volume appeared. I watched it for a while.
Price 0.2763, 24h -27.7%.
After a big spike in volume, the market usually reacts in two ways.
One is that it continues moving, with volume and price confirming the direction.
The other is that the volume disappears, the price pulls back—just now that surge was distribution.
The difference comes down to whether the next wave of volume can be sustained, and whether the price can hold a key level.
OI up 1.6%, funding rate 0.005%.
Above 0.3384, if momentum/volume stays strong → bullish direction.
Below 0.2717, if OI rebounds → bearish direction.
The volume came first.
Now we wait for the price to tell me whether that volume was for accumulation or for distribution.
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Price 0.2763, 24h -27.7%.
After a big spike in volume, the market usually reacts in two ways.
One is that it continues moving, with volume and price confirming the direction.
The other is that the volume disappears, the price pulls back—just now that surge was distribution.
The difference comes down to whether the next wave of volume can be sustained, and whether the price can hold a key level.
OI up 1.6%, funding rate 0.005%.
Above 0.3384, if momentum/volume stays strong → bullish direction.
Below 0.2717, if OI rebounds → bearish direction.
The volume came first.
Now we wait for the price to tell me whether that volume was for accumulation or for distribution.
Are you watching this coin?
Click the small card below to quickly check the行情👇