Recently, the movement of 0G has been quite interesting, surging from 1.1U to 3.6U in a short time, and then hovering around 2.7U, which is a typical digestion phase after a violent rally. Looking at the indicators, the RSI once shot above 70, indicating that it was indeed a bit overheated in the short term, and now it has returned to between 64-70, slowing down a bit. The trading volume is also noteworthy; it surged a few days ago, and now it's gradually shrinking, clearly indicating that the main force has cashed out some chips at a high position and is now controlling the market here. As for the contracts: • IO (open interest) continues to rise, with funds adding positions on both sides. • The liquidation heatmap is crucial; there is a cluster of long positions built around 2.5-2.6U. If it really breaks below, there could be a chain liquidation. There is significant short pressure around 3U; whether it can break through depends on the strength of the main force. The indicator structure is also quite clear: • The moving averages are converging, and if a golden cross occurs, it could directly lead to an upward trend. • The volume is shrinking, as if holding its breath for an explosion. My own interpretation: 0G is not OG; it is a modular decentralized AI public chain, and the narrative is there, along with the funds. This new narrative combined with high control over the tokens means that in the contract market, there are naturally many opportunities due to high volatility. Right now, it’s in a range-bound consolidation phase; either it breaks below 2.5 triggering a liquidation waterfall, or it stands above 3U opening up new heights, both sides have their play. • In the spot market, 2.5-2.7U is considered a reasonable fluctuation zone. • In the contract market, keep a close eye on the break below 2.5 and the breakthrough above 3U; whichever direction it moves out of will be a golden opportunity.