0G -159.2% in 24 Hours Amid Sharp Volatility and 5490.6% Decline in 1 Year

On OCT 15 2025, 0G dropped by 59.2% within 24 hours to reach $2.171. Over the previous 7 days, the asset recorded a 139.34% increase, followed by a 1405.51% decline in the past 30 days and a staggering 5490.6% drop over the last year. The recent sharp pullback highlights the asset’s extreme volatility amid a broader bearish trend.

The rapid decline suggests a possible reversal or correction following a short-term rebound. The 7-day rally of nearly 140% was unable to sustain momentum, with the asset quickly losing all gains and then some. This pattern is common in highly speculative markets, where sentiment swings can drive abrupt price dislocations. The one-month performance of -1405.51% indicates a structural breakdown in value, likely tied to underlying fundamental deterioration or a shift in market perception.

Technical indicators have struggled to provide clear direction, as the asset moves between sharp gains and steep losses without consolidation. Traders and analysts are closely monitoring whether the recent drop represents a short-term correction or a continuation of a long-term bear trend. The lack of consistent price action makes it difficult to apply traditional technical setups, further complicating market analysis.

Backtest Hypothesis

Given the asset’s volatility and sharp directional moves, a backtesting strategy could explore how specific events—such as a 10% intraday decline—impact subsequent performance. A robust backtest would require precise parameters, such as the definition of a “down 10%” event: whether it is a close-to-close move, an intraday drawdown, or a multi-day trend. These details are critical to accurately identify event dates and evaluate outcomes. Once defined, the performance could be analyzed from 2022-01-01 to the present, offering insight into the asset’s historical behavior after such events.