📉 $ON USDT Perp – Breakdown Confirmed, Lower Targets in Play
$ON trading at 0.09946 (-1.08%), holding just above the 24h low of 0.09732.
🔻 Key breakdown:
Support at 0.0995 has failed. Next support zone: 0.0973 → 0.0920.
📊 Indicators bearish:
· MACD: DIF -0.00275 / DEA -0.00007 → bearish cross
· Volume declining on bounce attempts
· Open Interest to Market Cap ratio low (0.00036–0.00096) → low speculative interest
🐋 Trader positioning:
Top Trader Long/Short Ratio (Positions) at 2.13 → heavily skewed long.
If price continues down, long liquidations could accelerate the drop.
💡 Idea:
· Short below 0.0995, stop above 0.102, target 0.0973 then 0.092
· Long only if reclaims 0.101 with volume
⚠️ Funding rate not shown – check before entry.
📌 Chart via Crypto Killer Sha – 2026-04-18
#ONUSDT #PerpetualFutures #CryptoAnalysis #ShortSetup
