$ON Explodes 32% — Is the Next Breakout to $0.18 Loading?
Long $ON
• Entry: 0.1460 – 0.1500
• Stop Loss: 0.1390
Targets:
• TP1: 0.1600
• TP2: 0.1700
• TP3: 0.1850
ON is showing impressive strength after its powerful rally toward $0.166. Following the explosive move, price is now forming a healthy consolidation zone around the 1H support, which often acts as a base for the next continuation move. Despite the recent volatility across the crypto market, ON continues to hold higher lows, signaling that buyers are still defending the trend structure.
This pullback has cooled momentum indicators and allowed the market to reset before the next potential impulsive expansion. The current structure resembles a classic breakout–retest pattern, which typically provides high-probability continuation entries for trend traders.
The bullish bias remains valid as long as price holds above the $0.140 structural support zone. A reclaim of $0.160 resistance could trigger a momentum breakout and open the path toward the $0.18+ liquidity zone.
Manage risk carefully and watch for volume expansion on the breakout confirmation.
Trade $ON here 👇🏻
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