🚀 $ON (Orochi Network): Could a Massive Recovery Pump Be Coming?
$ON is currently trading around $0.085–$0.086, after a sharp correction. But is this the end of the move, or could another recovery rally be setting up?
📊 Why I'm Watching $ON
1️⃣ Previous Pump History: The chart shows that ON has experienced multiple sharp rallies, followed by heavy corrections. This history makes a relief rally worth watching, although past pumps don't guarantee another one.
2️⃣ Supply Factor: ON has a maximum supply of 1 BILLION tokens, while reported total supply is 700 million. Circulating-supply trackers currently show differing figures, so supply data needs monitoring.
3️⃣ Upcoming Unlock: Around 12.35 million ON tokens are scheduled to unlock on November 24. This could create additional selling pressure, depending on how recipients use their tokens.
🎯 Important Price Levels:
- $0.0854 – Immediate support
- $0.100–$0.105 – First recovery target
- $0.120 – Second target
- $0.150 – Extended bullish target
If ON reclaims $0.105 with strong buying volume, a move towards $0.12 and potentially $0.15 becomes interesting.
And if $0.15 is reclaimed with sustained momentum, a further rally could develop.
⚠️ Risk: A breakdown below $0.0854 could expose $0.080 and lower levels. The current trend is still bearish, so confirmation matters.
My View: After such a deep correction, ON deserves attention for a potential recovery, but I want to see buyers return before calling a confirmed reversal.
DYOR. No target is guaranteed.
Disclosure: I may earn a commission from eligible trades through my referral link. This is not a guarantee of returns or financial advice.
#ON #orochinetwork #BinanceSquare #crypto #altcoins $ON
$ON is currently trading around $0.085–$0.086, after a sharp correction. But is this the end of the move, or could another recovery rally be setting up?
📊 Why I'm Watching $ON
1️⃣ Previous Pump History: The chart shows that ON has experienced multiple sharp rallies, followed by heavy corrections. This history makes a relief rally worth watching, although past pumps don't guarantee another one.
2️⃣ Supply Factor: ON has a maximum supply of 1 BILLION tokens, while reported total supply is 700 million. Circulating-supply trackers currently show differing figures, so supply data needs monitoring.
3️⃣ Upcoming Unlock: Around 12.35 million ON tokens are scheduled to unlock on November 24. This could create additional selling pressure, depending on how recipients use their tokens.
🎯 Important Price Levels:
- $0.0854 – Immediate support
- $0.100–$0.105 – First recovery target
- $0.120 – Second target
- $0.150 – Extended bullish target
If ON reclaims $0.105 with strong buying volume, a move towards $0.12 and potentially $0.15 becomes interesting.
And if $0.15 is reclaimed with sustained momentum, a further rally could develop.
⚠️ Risk: A breakdown below $0.0854 could expose $0.080 and lower levels. The current trend is still bearish, so confirmation matters.
My View: After such a deep correction, ON deserves attention for a potential recovery, but I want to see buyers return before calling a confirmed reversal.
DYOR. No target is guaranteed.
Disclosure: I may earn a commission from eligible trades through my referral link. This is not a guarantee of returns or financial advice.
#ON #orochinetwork #BinanceSquare #crypto #altcoins $ON
