0G -23.22% in 24 Hours Amid Sharp Correction

On OCT 11 2025, 0G dropped by 23.22% within 24 hours to reach $2.183. Over the past 7 days, the asset fell by 2979.77%, with a 1-month decline of 1531.5% and a 1-year drop of 5556.7%. The sudden price correction has drawn attention from investors and analysts as the coin continues to trade in a sharply bearish trend.

The recent sell-off appears to have been triggered by a combination of market sentiment deterioration and broader macroeconomic factors. A significant portion of the decline occurred in a single trading session, indicating a potential exhaustion of short-term buyers and a shift in positioning. The rapid decline has also led to increased short interest, as traders anticipate further downward movement.

From a technical perspective, 0G has broken below key support levels, with the $2.183 level now acting as a new reference point for near-term stability. The RSI and MACD indicators have both turned bearish, reinforcing the view that the coin remains in a deep correction phase. Momentum has weakened substantially, with price failing to regain prior support levels.

Analysts project that further consolidation below current levels could trigger additional stop-loss activity, potentially extending the downtrend. However, the absence of clear catalysts for a rebound means that the coin remains vulnerable to further downside pressure. Traders are now closely watching for signs of a reversal or a continuation of the current bearish trajectory.

Backtest Hypothesis

A recent backtesting strategy was analyzed to assess potential market responses during similar correction phases. The strategy assumes entry positions are initiated at key support levels, with a target for a 10% rebound and a stop-loss of 15%. Historical data suggests that such strategies yield mixed results, with success dependent on the depth and duration of the correction. In the case of 0G, the strategy would require a precise timing mechanism and a strong short-term reversal signal to be effective. The current environment, however, lacks such signals, making the strategy speculative and high-risk.