$ON Is this dump the end of the game? But let’s dig deeper.
The coin has been on Binance for a year and is very volatile. +260% or +480% is a piece of cake for it. And after the 480% move, there was no unloading by big players; the chart gradually drifted down under its own weight, without any real volume (Zone 1). Zone 2 looks more like an attempt to attract traders’ attention and show that the coin is still alive: come on in.
Overall, after the latest dump on the 5m–15m timeframe, the price has been squeezed into a microscopic range of $0.165–0.175 with zero volatility. The MM is drawing a shelf with a ruler, creating the illusion of compression while waiting for new stop orders to accumulate on both sides.
💡 My scenario and summary: With safe leverage and a liquidation price deep below the fundamental lows (below $0.05), the current chop is just preparation for the next impulse. I expect accumulation to finish and the price to break out toward new local highs, with a target of a spike into the $0.45 area (taking out the ATH) after the MM finally shakes out the excess passengers.
Patience is key. What does everyone think of the setup?
Disclaimer: this is solely my personal analysis and not financial advice.
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#ON #ONUSDT #fomcвідстеження #PLN #PROFİT