Deep Dive
1. Technical Weakness (Bearish Impact)
Overview: G’s 7-day RSI (39.31) and 21-day RSI (44.07) hover near oversold territory, while the MACD line remains below the signal line. The price ($0.00464) trades below all key moving averages (7-day SMA: $0.00489; 200-day EMA: $0.00891), signaling entrenched bearish momentum.
What this means: Traders see limited upside potential below these resistance levels. The 24h volume drop (-66.37% to $3.09M) and low turnover ratio (0.0639) indicate thin liquidity, exacerbating downside risks.
2. Supply Concentration Risks (Bearish Impact)
Overview: As of October 2025, the top wallet held 42.52% of G’s supply, and the top 5 collectively controlled 71.56% (Gate.io).
What this means: High concentration raises concerns about potential large-scale sell-offs or manipulation. This structural risk deters institutional interest and amplifies retail trader caution, particularly during periods of low liquidity.
3. Delayed Ecosystem Momentum (Mixed Impact)
Overview: Key developments like Gravity Reth’s EVM scalability upgrades (41,000 TPS claims) and the $100K G token reward program for Galxe Starboard contributors were announced but lack recent progress updates (Gravity).
What this means: While the tech roadmap is ambitious, delays in execution and token distribution timelines have muted short-term bullish catalysts. The market is awaiting tangible adoption metrics, such as developer activity or partner integrations.
Conclusion
G’s flat 24h performance masks underlying fragility from poor technical positioning, supply risks, and delayed catalysts. While the project’s high-throughput EVM vision holds long-term potential, traders are likely sidelined until clearer signals emerge.
Key watch: Can G hold the $0.00416 Fibonacci support level, or will breakdowns trigger a retest of the October 2025 low ($0.00528)?