Recently, a friend asked about the market situation of ONT. I took a quick look at the candlestick chart and found that this coin has been stuck around $0.08 for a long time, in a rather awkward zone.

Opening the trading interface, the lack of trading volume is immediately obvious. This reveals a harsh reality: no matter how tidy the moving averages are or how standard the golden cross appears, once trading volume support is lost, all technical signals are just empty talk. The market is telling us through this phenomenon that a large number of participants have quietly withdrawn from this coin.

The RSI indicator has long entered the overbought zone, but you can still hear voices claiming "a breakout is imminent." Frankly, in an environment with severely insufficient trading volume, such signals are almost entirely unreliable. Technical embellishments become particularly powerless at this point.

Looking at key price levels, 0.0848 is the first defense point. If it breaks below this, the next support level is directly at 0.065. If even 0.065 cannot hold, it basically means that ONT's current market enthusiasm has completely dissipated.

Going long at this position is basically gambling, while shorting seems more logical. But I am well aware of human weaknesses—nine out of ten traders will still choose to take a gamble, even if they know the risks are right in front of them. Clear-headed traders might insist on maintaining rationality, but people are often manipulated by expectations.