#on ON — I'm bearish on this one.
It's trading just above 0.1, down more than 30% in 7 days. With price action like this, the bulls have pretty much run out of steam.
Why bearish? Let's break it down:
• It has fallen all the way from a high of 0.447, losing more than half its value. Each bounce is weaker than the last—a classic slow bleed that grinds you down.
• The circulating supply is only 144 million, versus a total supply of 700 million, and its FDV is already close to $100 million. The future unlocks could bring plenty of selling pressure.
• More than half the trading volume is on PancakeSwap, and CEX order-book depth is thin. If someone starts dumping, there may not be enough buyers to absorb it.
• With a market cap of just $20 million, there's no floor when it starts falling.
🎯 Price targets:
First target: 0.08 (a key round number—let's see if it gets there)
Second target: 0.06 (the February low; a break below could accelerate the drop)
Extreme target: 0.04 (if it can't hold the previous low, this could be next)
How to play it: Use any bounce as a chance to short. Put your stop-loss above 0.13, don't get attached, and get in and out quickly.
⚠️ Let's get the caveat out of the way: small-cap coins are volatile, and shorting them can get you squeezed too. Keep your position size small. This isn't investment advice. What do you think? See you in the comments 👇
It's trading just above 0.1, down more than 30% in 7 days. With price action like this, the bulls have pretty much run out of steam.
Why bearish? Let's break it down:
• It has fallen all the way from a high of 0.447, losing more than half its value. Each bounce is weaker than the last—a classic slow bleed that grinds you down.
• The circulating supply is only 144 million, versus a total supply of 700 million, and its FDV is already close to $100 million. The future unlocks could bring plenty of selling pressure.
• More than half the trading volume is on PancakeSwap, and CEX order-book depth is thin. If someone starts dumping, there may not be enough buyers to absorb it.
• With a market cap of just $20 million, there's no floor when it starts falling.
🎯 Price targets:
First target: 0.08 (a key round number—let's see if it gets there)
Second target: 0.06 (the February low; a break below could accelerate the drop)
Extreme target: 0.04 (if it can't hold the previous low, this could be next)
How to play it: Use any bounce as a chance to short. Put your stop-loss above 0.13, don't get attached, and get in and out quickly.
⚠️ Let's get the caveat out of the way: small-cap coins are volatile, and shorting them can get you squeezed too. Keep your position size small. This isn't investment advice. What do you think? See you in the comments 👇