Nansen will provide analysis for Galxe’s Gravity blockchain

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Dec 06 2024

Should l Buy G?

Partnership Announcement: Nansen has partnered with Gravity, a high-performance blockchain developed by Galxe, to provide data and analytics, enhancing the capabilities of both platforms within the blockchain ecosystem.
Platform Developments: The Gravity alpha mainnet went live in June 2024, supporting Web3 applications, while Nansen continues to expand its integrations with various blockchains, including recent partnerships with Algorand, Aptos, Solana, Bitlayer, and Tron.

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Technical Analysis for G

Technical Sentiment Analysis for Gravity (G) As of , Gravity (G) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for G 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, G 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 $-.

Gravity (G) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.00106	0.00212	0.00296	0.00402	0.00486	0.00592	0.00676
Fibonacci	0.00212	0.00285	0.00329	0.00402	0.00475	0.00519	0.00592

About G

G is the native token on Gravity and the utility token for both Gravity and the Galxe ecosystem. G powers transactions as the gas token and secures the network through staking. As the primary utility token across both ecosystems, G drives governance decisions, incentivizes growth, and facilitates payments. Galxe is a decentralized super app and web3’s largest onchain distribution platform. Through its robust infrastructure and product suite of modular AI, digital identity, and blockchain solutions — Quest, Passport, Score, Compass, and Alva — Galxe supports the development of advanced, user-friendly applications with an emphasis on web3 exploration and self-sovereign digital identity management. Gravity is a Layer 1 blockchain designed for mass adoption and an omnichain future. Its approach abstracts the technical complexities of multichain interactions, integrating advanced technologies like Zero-Knowledge Proofs, state-of-the-art consensus mechanisms, and restaking-powered architecture to ensure high performance, enhanced security, and cost efficiency.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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