ON PRICE ACTION COLLAPSES 18% IN A SINGLE SESSION 📉💸
$ON is experiencing a downturn, plummeting 18% in the past 24 hours, with its price now hovering around the support zone of ~$0.11468 📊. This decline suggests a possible healthy correction, with macro asset accumulation and order block breaches contributing to the coin's rapid price depreciation 📉. The lack of buying volume and momentum acceleration to the upside indicates a bearish trend, with
$ON struggling to find support 📈.
The coin's price is testing its lower range level, a crucial zone that will determine whether this move has further downside potential 📊. If
$ON fails to hold this level, it may lead to a structural breakdown, with the coin's price potentially dropping to new lows 📉. The current market sentiment is neutral, which may contribute to the coin's volatility, with
$ON being one of the top losers of the day 🚨.
Levels to monitor:
Watching support around $0.11
Structure suggests resistance near $0.15
Mid range area: $0.13
DYOR
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