📊 ON/USDT Analysis: Bullish Momentum Strengthens, but Resistance Remains a Challenge

ON is drawing market attention again after recording an almost 50% increase in 24 hours. On the 1-hour chart, the price moved out of the consolidation area and managed to break through an important resistance before reaching $0,19812, then experienced a slight pullback to around $0,19012. This surge points to rising buying interest and the return of positive momentum after a period of relatively flat movement.

From a technical perspective, the price is still above the SuperTrend, indicating the short-term trend remains bullish. The MACD also shows the MACD line above the signal line, with a positive histogram that continues to expand, suggesting buying pressure still dominates. However, high volatility after the fast rally is a sign that some traders have started taking profit.

The $0,18–$0,19 area is now the key support that needs to be maintained. As long as the price holds above that zone with stable volume, the chance to test resistance again around $0,20–$0,21 remains open. Conversely, if that support is broken, a correction toward the previous consolidation area could be a scenario that needs to be watched.

For now, waiting for confirmation of the next direction is wiser than chasing the price after the sharp rise.

Discipline in risk management remains an important factor amid market volatility.

$ON ‌ ‌
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