ON fell 24.84% over 24 hours, yet aggressive buyers still have the upper hand—that’s where the divergence lies right now.
Binance USDⓈ-M perpetuals | ON remains weak intraday; any recovery first depends on whether selling pressure eases. Current price is around 0.1165, with 24h trading volume of approximately 58.5256 million; absolute volume does not necessarily mean volume is elevated relative to normal. Flow data: 59% of accounts are long; the taker buy/sell ratio is 1.26 (price is falling, but aggressive buyers are in the lead); 30m open interest is down 0.4%; funding rate is +0.0050%.
Reference indicators: 30m KDJ is 86.50/79.99/99.52, suggesting short-term chasing sentiment is stretched. The J value is elevated, so the key question is whether price can find support on a pullback. Moving averages: 30m MA5/MA10/MA20 are approximately 0.112540 / 0.111100 / 0.110155, respectively. The current price is above all short-term moving averages; watch whether it can hold them on a pullback.
Which would you wait to see first: whether the taker buy/sell ratio can stay above 1 and help stabilize the price, or whether the KDJ J value of 99.5 can retreat from elevated levels?
#ON #UnusualMoveAlert
Binance USDⓈ-M perpetuals | ON remains weak intraday; any recovery first depends on whether selling pressure eases. Current price is around 0.1165, with 24h trading volume of approximately 58.5256 million; absolute volume does not necessarily mean volume is elevated relative to normal. Flow data: 59% of accounts are long; the taker buy/sell ratio is 1.26 (price is falling, but aggressive buyers are in the lead); 30m open interest is down 0.4%; funding rate is +0.0050%.
Reference indicators: 30m KDJ is 86.50/79.99/99.52, suggesting short-term chasing sentiment is stretched. The J value is elevated, so the key question is whether price can find support on a pullback. Moving averages: 30m MA5/MA10/MA20 are approximately 0.112540 / 0.111100 / 0.110155, respectively. The current price is above all short-term moving averages; watch whether it can hold them on a pullback.
Which would you wait to see first: whether the taker buy/sell ratio can stay above 1 and help stabilize the price, or whether the KDJ J value of 99.5 can retreat from elevated levels?
#ON #UnusualMoveAlert