Latest Gravity (by Galxe) (G) Price Analysis

TLDR Gravity (G) rose 1.90% in the past 24h, diverging from the broader crypto market’s -0.40% dip. This uptick follows bullish technical signals and milestone-driven optimism.

1. Mainnet momentum – 500M transaction milestone (21 August) fuels adoption hopes.
2. Technical rebound – Price holds above key moving averages despite bearish MACD.
3. Ecosystem growth – Gravity Reth’s EVM upgrades (28 July) attract developer interest.

Deep Dive

1. Mainnet Activity Surge (Bullish Impact)

Overview: Gravity Alpha Mainnet processed 500M+ transactions as of 18 August, with its first anniversary celebrated on 21 August.

What this means: High throughput (41,000 TPS) and recent integrations with QuickNode’s dev tools signal growing utility, incentivizing speculative accumulation. However, the 30-day price remains down -10.90%, suggesting lingering skepticism about sustained adoption.

What to look out for: On-chain activity metrics post-anniversary – declining transactions could trigger profit-taking.

2. Technical Rebound (Mixed Impact)

Overview: G trades at $0.0120, above its 7-day SMA ($0.01178) but below the 30-day SMA ($0.01238). The RSI-14 at 49.4 shows neutral momentum, while bearish MACD divergence (-0.000038) hints at fragility.

What this means: Short-term traders may be capitalizing on oversold conditions (RSI-21 at 48.68), but the failure to breach $0.01238 resistance keeps mid-term bears in control.

3. Gravity Reth Upgrade Momentum (Bullish Impact)

Overview: The 28 July launch of Gravity Reth – an EVM execution layer hitting 41,000 TPS – aligns with Messari’s 7 August report praising Gravity’s modular architecture.

What this means: Developer adoption of Reth could drive long-term demand for G tokens via gas fees and governance, though vesting schedules for 48% of supply (Treasury) remain an overhang.

Conclusion

Gravity’s 24h rise reflects technical bargain-hunting and milestone-driven optimism, though macro bearishness (-71.12% YoY) limits upside. Key watch: Can G hold above $0.01238 SMA-30 to confirm a trend reversal?

TLDR Gravity (G) rose 1.80% over the last 24h, contrasting with a 2.96% weekly decline and 16.83% monthly drop. The gain slightly outpaced the broader crypto market’s 3.27% 24h rally. Key drivers include technical resistance and mixed sentiment around ecosystem milestones.

1. Technical Resistance (Bearish Pressure) – Price faces stiff resistance below key moving averages.
2. Ecosystem Milestones (Mixed Impact) – Network growth contrasts with unclear utility adoption.
3. Market Sentiment (Neutral) – Neutral crypto-wide sentiment limits altcoin momentum.

Deep Dive

1. Technical Resistance (Bearish Pressure)

Overview: G trades at $0.0116, below its 7-day SMA ($0.0117) and 30-day SMA ($0.0124). The RSI-14 at 41.73 suggests neutral momentum but aligns with a 23.6% Fibonacci retracement resistance at $0.0139.

What this means: Persistent failure to breach the 30-day SMA signals weak buying conviction. The MACD histogram (-0.000091) confirms bearish momentum, though oversold RSI conditions could invite short-term rebounds if $0.0115 support holds.

What to look out for: A sustained break above the 7-day SMA ($0.0117) or breakdown below the pivot point ($0.01147).

2. Ecosystem Milestones (Mixed Impact)

Overview: Gravity’s Alpha Mainnet processed 500M transactions as of August 18, and its upgraded Reth execution layer hit 41,000 TPS. However, no major dApp launches or partnerships followed these technical achievements.

What this means: While network scalability improvements are bullish long-term, the lack of immediate use cases or revenue-generating protocols limits demand for G tokens. Investors may be pricing in delayed adoption despite infrastructure progress.

3. Market Sentiment (Neutral)

Overview: The crypto Fear & Greed Index sits at 46 (Neutral), with altcoin season metrics stagnant at 44. BTC dominance (58.22%) remains elevated, dampening risk appetite for smaller caps like G.

What this means: Neutral macro sentiment and Bitcoin’s market leadership reduce speculative capital flows into altcoins. G’s 24h turnover of 4.6% reflects moderate liquidity but insufficient to sustain rallies without broader market catalysts.

Conclusion

G’s minor 24h gain reflects technical consolidation rather than strong bullish momentum, with resistance levels and muted utility adoption capping upside. While network upgrades position it for long-term scalability, short-term price action hinges on Bitcoin’s trajectory and concrete ecosystem adoption.

Key watch: Can G hold above $0.0115 support amid declining open interest (-2.71% weekly in perpetuals)?