Sometimes the most important market moment arrives when fear is at its highest. Red candles dominate the screen, confidence disappears, and traders begin asking whether the decline will continue or whether buyers are preparing a recovery. The silence before the storm can appear on both sides of the market, and ON is a token I would watch carefully for signs of a potential reversal.
ON is trading around 0.1208, with a reported 24-hour decline of 6.35 percent. That weakness deserves attention, but a falling price does not automatically mean a rebound is imminent.
My first priority is to identify whether selling pressure is slowing down. I would watch for a higher low, a strong recovery candle, and a move back above a recently lost price level. Increasing volume during a recovery could suggest stronger buying interest, while heavy selling volume and repeated failed rebounds would warn that the downtrend may still be active.
I would also monitor liquidity conditions, Bitcoin's direction, and broader altcoin sentiment. Large transactions can influence smaller tokens, but verified whale data is needed before drawing conclusions about accumulation or distribution.
EP: 0.1190 to 0.1210
TP: 0.1250, 0.1300
SL: 0.1150
These levels are illustrative and are not based on verified chart support. If the price continues falling without a reversal signal, I would rather wait than force a trade.
The goal is not to predict the exact bottom. The goal is to recognize when selling pressure may be losing control and buyers are finally stepping forward. Until that happens, caution comes first.
I’m ready for the move — but I need the reversal to prove itself.
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