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- 1 GALA crypto price is currently trading at $0.02332166 with a drop of -8.15% in the last 24 hours.
- 2 GALA’s current market cap is $600.058 Million.
- 3 Bulls are looking active in the GALA Crypto.
GALA crypto (USD: GALA) price is in an uptrend, trading near the resistance level of $0.02332166. Buyers are aiming to break through the obstacle and achieve a new high. GALA crypto has soared more than 73.67% in the last month. The price trading above the key moving averages indicates bullishness.
The price action indicates that GALA crypto has broken above the multiple tops, showing the strong force of the bulls who kept making long positions.
At press time, GALA crypto was trading above the key moving averages, showing bullishness on the charts. Moreover, the intraday trading volume is 234.452 Million. The market cap of GALA crypto is 600.058 Billion.
The oscillators are currently indicating that the price is overbought. The investors are optimistic regarding the upcoming week’s performance.
GALA crypto price has seen a good increase of about 24.42% over the past week and an excellent gain of 73.67% over the past month. However, the crypto has not performed well over the longer term, as it has given a nominal return of 1.63% over the past three months, and about -24.07% over the past six months. The crypto’s performance throughout the year has been good, with a year-to-date incline of about 39.75%.
Technical Analysis of GALA Crypto Price in 1-D Timeframe
GALA ( USD: GALA) has steadily seen its crypto price rise for the past three months, gaining 1.63% and 73.67% in the last month. Currently, GALA crypto has been trying to hold on to this level after an unexpected surge in price.
If it can keep this level, the GALA price could continue to go up and reach the first and second targets of $0.02640759 and $0.03576896. However, if the GALA price cannot maintain this level and falls, then it might hit the closest support levels of $0.01864328 and $0.01793878.
Currently, GALA crypto (USD: GALA) is trading above the 50 and 200-day EMAs (exponential moving averages), which are exponential in the price momentum.
However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the GALA price is expected to move upward giving bullish views over the daily time frame chart.
The current value of RSI is 66.03 points. The 14 SMA is above the median line at 68.95 points which indicates that the GALA crypto is bullish.
The MACD line at 0.00224752 and the signal line at 0.00178640 are above the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the GALA crypto price.
Summary
GALA Crypto (USD: GALA) technical oscillators also support the bullish trend. The MACD, RSI, and EMA are emphasizing positive signs and imply that the uptrend may continue in the GALA crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. GALA Investors avoid the fear of missing out. Scarcity is created in the crypto market to gain more investors and creditors. It is better to keep it at arm’s length as this may result in one of the emerging reasons for market volatility.
Technical Levels
Support Levels: $0.02640759 and $0.03576896
Resistance levels: $0.01864328 and $0.01793878
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
