#BinanceHODLerTURTLE $G
Gravity (G) price slightly decreased by 1.47% in 24 hours, with mixed signals indicating potential shifts. Here's what's driving it:
1. Technicals: Recent bullish crosses in EMA and MACD, coupled with RSI recovery from oversold levels, suggest a potential shortterm upward price reversal.
2. Money Flow: Significant large inflows indicate renewed buying interest, though some larger outflows point to potential profittaking by whales.
3. Market Conditions: The token remains in a longerterm bearish trend with decreasing volatility, hinting at an uncertain but potentially sharp future price movement.
Positives
1. Technical Reversal: The token shows potential for upward movement as the shortterm EMA7 recently crossed above the mediumterm EMA25 at 09:00:00 UTC. This is further supported by the MACD line remaining above its signal line with a positive histogram since 01:00:00 UTC.
2. RSI Recovery: The token's shortterm and mediumterm RSI (6 and 12) dipped into oversold territory at 05:00:00 UTC and 06:00:00 UTC before recovering to neutral levels. This often suggests the asset was undervalued and could precede a price rebound.
3. Significant Inflows: A substantial large inflow of 45,573.88 USDT was recorded at 16:00:00 UTC, alongside other large inflows of 2,789.44 USDT at 10:00:00 UTC and 2,194.93 USDT at 11:00:00 UTC, indicating renewed buying interest from larger market participants.
Risks
1. Bearish LongTerm Trend: Despite recent shortterm bullish signals, the token's price remains below the longterm EMA99. This indicates that the overall trend is still bearish, suggesting potential resistance for sustained upward movement.
2. Decreasing Volatility: Bollinger Bands have been contracting over the last 24 hours (upper band from 0.00774265 to 0.00741751, lower band from 0.00718335 to 0.00710649)
3. Large Outflows: Notable large outflows, including 9,958.03 USDT at 05:00:00 UTC and 3,997.74 USDT at 06:00:00 UTC, suggest some larger holders may be liquidating positions or taking profits.