🚀 $ON /USDT Surging +35%! Reversal or Bull Trap? + Forecast Inside! 📈

The bulls are back! $ON has blasted off from its recent lows of 0.066, currently trading at 0.14088. We’ve seen a massive volume spike, with over 1.31B ON traded in 24 hours. The price has successfully reclaimed all major EMAs, with the EMA(8) at 0.111 acting as new dynamic support.

While the momentum is strong, we are seeing a "rejection wick" at the 0.194 level. The RSI(14) at 61.8 shows there is still room to run before becoming overbought, but a brief consolidation to consolidate gains is expected.

🎯 Trading Forecast (Trend Continuation):

Direction: Long (on Support Test)

Entry Zone: 0.1250 - 0.1350

Take Profit: 0.1850 (Local High) / 0.2200 (Major Resistance)

Stop Loss: 0.1080

Trade $ON / $USDT Now! Follow & turn 🔔 on ✅

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