ON STRUGGLES UNDER HEAVY SELLING PRESSURE

$ON trading at 0.1565 (-24.19%), sliding from the 0.2074 high and approaching its 0.1547 low.

The 15m chart shows persistent downward pressure with MA(7) and MA(25) trending below MA(99) — confirming a sustained bearish bias.

Reason: Continuous profit-taking and fading momentum as buyers failed to defend the 0.17 zone. The 24h volume of 232.09M ON suggests strong activity but mostly on the sell side.

Key Levels:

Support – 0.154 / 0.150

Resistance – 0.160 / 0.165

Trend: Bearish, with possible short-term exhaustion near the 0.155 base.

Trade Idea: If $ON holds above 0.155, a minor rebound toward 0.160–0.165 could emerge.

However, a breakdown below 0.154 may extend the fall toward 0.150.

Possible Trade: SELL on breakdown below 0.154 for continuation, or BUY only on reclaim above 0.160 for short rebound play.