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TradingGain Newsroom··09 Nov 2026, 13:15 UTCThe funding rate on ON perpetual futures is +0.103% per 8 hours, which means long traders are paying a lot to keep their positions open. Very crowded positioning like this can end with a sharp flush lower (long squeeze).
ON is down 52% in 24 hours at $0.093, after price broke below the rising trendline that started at $0.126 on Oct 27. The coin has bounced only 1.5% off its Nov 11 low near $0.091.
ON is one of the biggest movers among the most traded coins today, down 48.1% to $0.1257 with $313.2M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
ON is one of the biggest movers among the most traded coins today, up 74.3% to $0.2747 with $128.9M traded in 24 hours. Moves this large usually come with big swings in both directions, so manage risk carefully.
ON is up 37.5% in the last 24 hours and about 53.5% since its major low of $0.145 on Nov 4. Price is near $0.223, just below a resistance zone at $0.232 to $0.238.
ON is up 21% over 24 hours and trades at $0.186 after four green 4H candles in a row. A 4H close above $0.207 would open a move toward $0.246, while a close below $0.177 would open a drop toward $0.168.
TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.
