Deep Dive
1. Technical Breakout (Bullish Impact)
Overview: G’s price ($0.00622) surged above its 7-day SMA ($0.00504) and EMA ($0.00508), with the RSI7 (61.27) approaching bullish territory. The MACD histogram turned positive (+0.00006795), indicating strengthening upward momentum.
What this means: Breaking key resistance levels often triggers algorithmic and retail buying. The 483% spike in 24h volume ($135.8M) confirms trader conviction, though the 30-day RSI (41.87) suggests room for volatility.
What to look out for: A sustained close above the 23.6% Fibonacci retracement ($0.00641) could target $0.00749 (127.2% extension).
2. Ecosystem Upgrades (Mixed Impact)
Overview: Gravity’s Reth upgrade – achieving 41,000 TPS and 1.5 gigagas/sec throughput – went live on December 10, 2025. This positions G as a high-performance layer for EVM developers.
What this means: While the tech upgrade strengthens long-term utility, its immediate price impact is tempered by the broader "Bitcoin Season" market (Altcoin Season Index: 18/100). Developers may delay adoption until 2026 tooling integrations.
Overview: Galxe Starboard’s September 2025 initiative to distribute $100K in G tokens to top contributors has reignited engagement, with 18,180 holders reported as of November 14.
What this means: Short-term buying pressure stems from participants accumulating G to qualify for rewards. However, concentrated ownership (top 5 wallets control 71.56% of supply) risks sell-offs post-campaign.
Conclusion
G’s rally combines technical momentum with strategic ecosystem developments, though high supply concentration and macro crypto trends (58.4% BTC dominance) warrant caution. Key watch: Can G hold above $0.0064 after the Galxe Starboard reward distribution concludes on December 11?