0G Foundation Experiences Significant Security Breach, Tokens Compromised
Security Breach at 0G Foundation: The 0G Foundation suffered a significant security breach on December 11, where 520,010 $0G tokens were stolen due to a Next.js vulnerability and a leaked private key from Alibaba Cloud instances, although core infrastructure and user funds remained unaffected.
Impact on Token Price: Following the breach, the price of the $0G token dropped by 69%, reflecting market volatility, but saw a slight recovery of 3.01% in the last 24 hours amidst increased trading volume.
Cloud Security Concerns: The incident highlights ongoing vulnerabilities in cloud storage configurations, prompting calls for enhanced security protocols and raising potential regulatory challenges for the industry.
Community Response: While no major industry leaders have publicly commented, the 0G Foundation's prompt response and transparency have been acknowledged by some exchanges and data aggregators, emphasizing the need for vigilance in cloud security.
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Technical Analysis for 0G
Technical Sentiment Analysis for 0G (0G) As of , 0G (0G) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 0G stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, 0G is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
0G (0G) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0527 | 0.196 | 0.394 | 0.643 | 0.841 | 1.09 | 1.288 |
| Fibonacci | 0.196 | 0.366 | 0.472 | 0.643 | 0.813 | 0.919 | 1.09 |
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