0G has experienced a sharp 21% decline in the past 24 hours, testing a crucial support level, as reported by AMBCrypto. Key technical indicators, including a Money Flow Index (MFI) of 30 and a Relative Strength Index (RSI) below 50, highlight diminishing bullish momentum. The market has seen $18.3 million in exits from perpetual traders, with a negative OI-Weighted Funding Rate of -0.0879% underscoring bearish dominance. Trading volume has decreased to $512 million, indicating that weaker investors are exiting the market. Historically, the current support level has sparked rallies, but failure to hold could lead to further declines and potential liquidations of long positions.