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Here is the breakdown for ONUSDT (Orochi Network) based on the chart:
1. Coin Definition 🧠
Orochi Network (ON) is a decentralized, verifiable data infrastructure using zero-knowledge proofs to deliver secure, tamper-proof data and randomness for Web3 dApps.
2. Market Data 💰
* Current Price 💰: $0.18342
* 24h Change 📈: +47.69%
* Market Cap 🏦: ~$26M–$30M
* 24h Volume 🔄: 903.70M ON (~$159.98M USDT)
3. Technical Analysis 📊
* Support 🟢: $0.17147 (MA 25) / $0.15243 (MA 99)
* Resistance 🔴: $0.19880 (24h High) / $0.20300
* Next Target 🎯: $0.20000 – $0.22000
* Trend: Bullish 🐂 (Strong momentum holding above key averages)
4. Trade Setup 🚀🔥
* Entry: $0.17500 – $0.18300
* TP1: $0.19800
* TP2: $0.21500
* Stop-Loss: $0.16500
> ⚠️ DYOR: This is not financial advice. Trade responsibly!
>
$ON
A clear line in the sand has been drawn from sellers.
If buyers can reclaim this resistance then I think we would see a visit to the upper red zone.
Currently price in choppy sideways zone below resistance.