Looking at the recent OCEAN market, the probability of short-term consolidation or a pullback is about 60%. Where is the problem? The price surged 18.94% in a single day to 0.707 USDT, which initially seems like a significant move. But a closer look at the trading volume reveals some awkwardness—65.84 million is only 1.5 times the recent average, indicating a classic case of rising prices with decreasing volume, a typical mismatch phenomenon. The lack of open interest data further clouds the main force's intentions.

From a technical perspective, there are two key resistance levels to watch above: 0.7480, which is the lower boundary of previous dense trading activity, and 0.8120, close to the yearly line. Support below is also critical—0.6421, which was yesterday’s breakout high, and further down, the Fibonacci 0.382 retracement level at 0.5985. The current price is approaching the resistance zone, and the risk of chasing higher on the right side is quite significant.

Honestly, a smarter approach is to wait until the price retraces to the 0.6421-0.5985 range and observe whether the trading volume shrinks accordingly. If the volume also decreases, indicating support is holding, then it’s a good opportunity to accumulate gradually. Price increases with volume shrinking usually suggest two possibilities: either the main force is pushing the price up with limited funds, but the market lacks follow-through, leading to no buyers later—this is a trap; or the chips are well locked in, and selling pressure is light. However, considering that OCEAN has risen nearly 19% in the past 24 hours with limited volume expansion, the first scenario is more likely. Be cautious of the main force pushing prices higher in low-liquidity areas to pave the way for subsequent distribution. If within the next 1-2 trading days the price cannot stay above 0.7480 and volume remains subdued, a pullback is almost certain.