0G Token Maintains Gains Despite Community Concerns
0G Labs launched its 0G token on Binance, gaining nearly 400% on Monday. On Tuesday, the token rose another 20%, passing $6. A close above $6 on the 1-hour chart could push 0G toward its all-time high of $7.26.
However, some users are unhappy with recent changes in tokenomics and smaller rewards for completing KYC verification. Originally, 130 million 0G tokens were allocated, but this was reduced to 2 million for Galxe users and 3 million for node and testnet runners.
Many Galxe users either failed KYC or received no token allocation after verification. Michael Heinrich, 0G’s founder, said the team is focusing on launching liquidity and application layers and advancing decentralized AI research.
If distrust grows, 0G’s price could fall to the $4.18 support level.
Mantle Faces Risk of Bearish Move After Pullback
Mantle (MNT) dropped 1% on Tuesday after an 11% gain the day before. It is trading between $1.48 and $1.80, a consolidation zone. A close above $1.80 could push the price to $2.21.
Technical indicators show weakening bullish momentum. The Relative Strength Index (RSI) fell from overbought levels to 62, signaling less buying pressure. The MACD is close to its signal line, indicating uncertainty. A MACD crossover below the signal line would suggest a bearish trend.
If Mantle falls below $1.48, it may test the 50-day EMA at $1.32 and then the pivot level at $1.08.
MemeCore Holds Support but Faces Triangle Pattern Pressure
MemeCore (M) is trading above $2.60 after an 8.4% gain on Monday. It is moving within a symmetrical triangle on the 4-hour chart, currently holding near the 50-period EMA at $2.45.
If MemeCore drops below this support, it could test the 100-period EMA at $2.19, near the triangle’s lower trendline. The RSI at 54 shows room for growth, but a drop below 50 could lead to further losses.
The MACD and its signal line are above zero, indicating bullish momentum. A move below zero would signal rising bearish pressure.
If momentum stays strong, MemeCore could bounce from the 50-period EMA and reach the triangle’s upper trendline near $2.80.
