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$ON Signal】Pullback to buy / 1H level strong consolidation
$ON 1H level surge then pullback, price consolidating around 0.1288.
After piercing the upper band of the 4H Bollinger, it pulled back; MACD histogram is still expanding, but the 1H MACD fast and slow lines are narrowing, indicating short-term momentum slowing down.
Order book buy depth is dominant, funding rate at 0.1266% shows bullish sentiment, but not at an extreme level.
Price quickly retraced from the high of 0.16, currently forming the first support level around 0.129.
This initial pause after a sharp rise is often no