$ON USDT Perp Building Bullish Pressure – Breakout in Progress
ONUSDT is currently trading around 0.0812 after a strong intraday recovery from the 0.0750 support zone. On the 15m timeframe, price structure has shifted clearly from consolidation to bullish momentum, printing consecutive higher highs and higher lows.
Technical Analysis:
Immediate resistance is located at 0.0825, which matches the recent 24h high. A clean breakout and close above this level could open room toward 0.0850 psychological resistance.
On the downside, first support sits at 0.0790, followed by stronger demand around 0.0760 – 0.0750, where buyers previously stepped in aggressively.
Although RSI and MACD values are not fully displayed, the sharp bullish candles and expanding momentum suggest RSI is likely pushing toward overbought territory. Moving averages on the lower timeframe appear aligned upward, supporting continuation bias. Volume expansion during the breakout leg adds further strength to the move.
Market Sentiment:
Short-term sentiment is Bullish. Buyers are controlling momentum, and order book data shows relatively balanced pressure, indicating healthy participation rather than extreme imbalance.
Strategy:
Trade with structure. Conservative traders may wait for a confirmed breakout above 0.0825 before targeting 0.0850. Alternatively, a pullback toward 0.0790 could offer a safer entry with defined risk below 0.0760. If price loses 0.0760 support, bullish structure would weaken significantly.
Are you expecting ONUSDT to push toward 0.085 next, or will we see a rejection at 0.0825?
Not Financial Advice (NFA).
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