The 24-hour range wiped out 47 points, and $ON is looking interesting. The low was 0.171, the high was 0.252, and it’s now hovering around 0.219. The people who chased the highs intraday have already been caught once. 😅
Trading volume was $10.27 million, which is pretty active for the Alpha sector, but don’t mistake a volume spike for a breakout—this kind of wick-and-retrace move is probably just money painting the chart. I haven’t seen sustained inflows from large holders on-chain; it looks more like short-term sentiment is driving the move.
The community discussion is heating up, with lots of people calling for “0.3 next.” At times like this, I’d rather wait for a pullback and confirmation. Whether it can hold the 0.19–0.20 range is the real signal. Seasoned traders know that the first pullback after a wick is the most deceptive.
$ON is highly volatile in the short term, so don’t mistake emotion for certainty. What do you think of this volume? 🤔
$ON #行情分析 #On-chain data
Trading volume was $10.27 million, which is pretty active for the Alpha sector, but don’t mistake a volume spike for a breakout—this kind of wick-and-retrace move is probably just money painting the chart. I haven’t seen sustained inflows from large holders on-chain; it looks more like short-term sentiment is driving the move.
The community discussion is heating up, with lots of people calling for “0.3 next.” At times like this, I’d rather wait for a pullback and confirmation. Whether it can hold the 0.19–0.20 range is the real signal. Seasoned traders know that the first pullback after a wick is the most deceptive.
$ON is highly volatile in the short term, so don’t mistake emotion for certainty. What do you think of this volume? 🤔
$ON #行情分析 #On-chain data