Technical indicators like MFI at 30 and RSI below 50 suggest weakening momentum, signaling bearish pressure on 0G. Perpetual traders dominate the derivatives market, with $18.3 million exiting and a negative OI-Weighted Funding Rate of -0.0879%. 0G [0G] stumbled in the past 24 hours. The asset, which had been forming new highs, now faces the threat of further decline after losing 21%, at press time.