$G Spiking Cause: On September 17, Gravity officially announced the integration of Chainlink CCIP into its testnet, which is the core catalyst for this round of the rally. Combined with a surge in trading volume and rotation into altcoin sectors, the price consolidated in the 0.003–0.004 range before jumping directly to above 0.008. At one point, the 24h gain exceeded 100%.
Technical Analysis: Current price is 0.00826. The 4-hour RSI6 is as high as 97.25, the funding rate is 0.0525%, and the long/short ratio is 492%, meaning longs are extremely crowded. The price is far above the Bollinger upper band at 0.00749. The MACD remains bullish, but the divergence is too large—short-term is severely overbought.
Futures Strategy (light position):
① Buy on Retracements
Entry: 0.0070–0.0072
Take profit: 0.0087 / 0.0095
Stop loss: 0.0065
② Sell Short at High Levels (aggressive)
Entry: 0.0086–0.0088
Take profit: 0.0078 / 0.0070
Stop loss: 0.0092
Reminder: CCIP is currently limited to the testnet; the mainnet deployment timeline is not yet set, so the timing and certainty of this good news being realized remain uncertain. If RSI stays above 90, price may continue to run up—don’t blindly try to call the top. With an extremely high long/short ratio, once a drop occurs, it can easily trigger a cascade. Use strict stop losses and control position size.
Technical Analysis: Current price is 0.00826. The 4-hour RSI6 is as high as 97.25, the funding rate is 0.0525%, and the long/short ratio is 492%, meaning longs are extremely crowded. The price is far above the Bollinger upper band at 0.00749. The MACD remains bullish, but the divergence is too large—short-term is severely overbought.
Futures Strategy (light position):
① Buy on Retracements
Entry: 0.0070–0.0072
Take profit: 0.0087 / 0.0095
Stop loss: 0.0065
② Sell Short at High Levels (aggressive)
Entry: 0.0086–0.0088
Take profit: 0.0078 / 0.0070
Stop loss: 0.0092
Reminder: CCIP is currently limited to the testnet; the mainnet deployment timeline is not yet set, so the timing and certainty of this good news being realized remain uncertain. If RSI stays above 90, price may continue to run up—don’t blindly try to call the top. With an extremely high long/short ratio, once a drop occurs, it can easily trigger a cascade. Use strict stop losses and control position size.
