$ON is up just 0.23% at $0.1266 over 24 hours, and I’m seeing mixed signals.
The price remains above its 1-hour 25 EMA at $0.1245, while recent taker buying suggests some demand is still there.
But short-term momentum has cooled, and the top 10 wallets hold 64.19% of supply.
I’d watch the $0.1285–$0.1315 resistance zone and be cautious about concentration risk.
#ON #Macro Insights# #Altcoin Season# #Meme Alpha# #BNBChain#
The price remains above its 1-hour 25 EMA at $0.1245, while recent taker buying suggests some demand is still there.
But short-term momentum has cooled, and the top 10 wallets hold 64.19% of supply.
I’d watch the $0.1285–$0.1315 resistance zone and be cautious about concentration risk.
#ON #Macro Insights# #Altcoin Season# #Meme Alpha# #BNBChain#