OCEAN recently showed an interesting performance. Within 24 hours, it surged by 18.94% to 0.707 USDT, a significant increase at first glance, but when looking at the trading volume—65.84M USDT—it is only about 50% higher than the recent average. This is quite awkward: the price jumps up, but the volume can't keep up, a typical pattern of rising prices with shrinking volume.

Why is this worth caution? From two perspectives: one possibility is that the market lacks follow-through, with major players using relatively small funds to push the price up in low-liquidity areas, and no one willing to buy afterward, which is a trap for false signals; the other possibility is that holders are reluctant to sell, with their positions locked. But considering that this 19% increase was achieved with limited volume, the first risk actually warrants more attention.

From a technical standpoint, the key levels are: support at 0.6421 (the previous high broken yesterday) and 0.5985 (the 38.2% Fibonacci level), with resistance above at 0.7480 (a zone of dense previous trading) and 0.8120 (around the yearly moving average). Currently, the price is approaching the resistance zone, and chasing higher now carries a high risk.

A more prudent approach is to wait until it retraces to the 0.6421-0.5985 range, observe whether the volume weakens simultaneously to confirm the support's validity, and then consider entering gradually. If in the next 1-2 trading days the price cannot hold above 0.7480 and volume remains this low, the probability of a pullback will significantly increase. Major players raising prices in such a low-volume environment are often paving the way for subsequent distribution.