$ON is still sitting under the $0.22–$0.25 resistance zone, so this is the key area now.

Price has held above the $0.16–$0.18 support zone, and the structure is starting to stabilize after the pullback.

A clean breakout and hold above $0.25 could open the way toward $0.30.

Bullish Setup
Entry: around $0.208
Target: $0.30
SL: $0.14

For now, the setup stays valid while support holds. The real confirmation comes only if buyers reclaim the resistance zone.

$ON