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- 1 GALA token price noted a rebound and is heading toward the $0.0800 mark.
- 2 Technical indicators are suggesting a bullish trend ahead.
The Gala token (GALA) price signifies neutral price action and is decisively holding gains in the bullish region. Moreover, the trend is intact and the technicals are suggesting the optimistic outlook in the following sessions. However, the GALA token price must surpass the $0.08000 mark and may skyrocket toward the $0.1000 mark. The token persisted in delivering the higher high swings and has surged over 90% this month.
At press time, the Gala token (GALA) price was trading at $0.0 with an intraday drop of 4.38%, reflecting neutrality on the charts. It has a monthly return ratio of 118.27% and 87.09% on a yearly basis. The pair of GALA/BTC is at 0.000000957 BTC, and the market cap is $506 Million. Analysts are neutral and suggest that GALA price may attain momentum and will cross the $0.0800 mark soon.
GALA Price To Volume Profile Reveal Neutrality
The Gala token (GALA) reflected neutral movements and remained closed to the 20-day EMA support mark. The trend is intact and the buyers are consistent in putting efforts and are looking to reclaim the $0.08000 mark. However, the prompt hurdle of $0.07000 needs to be surpassed to gain momentum. The trading volume noted an intraday decline over 13.90% to $309.55 Million.
Price Volatility, RSI and Weighted Sentiment Outlook
Per the Santiment data, the price volatility data noted a drop and slipped to 0.02, signifying lower volatility swings. Moreover, the weighted sentiment remained neutral and the value noted around 0.04.
However, the RSI curve retained the midline near 50, and is showing a positive crossover on the charts. Moreover, the trend is neutral and the token may continue to stretch the rebound.
Social Dominance, Volume AI and Twitter Follower Outlook
The Social Dominance data showcased steady moves and remained close to the average value of around 0.108%. Similarly, the social volume AI value also reflected a positive stance, noting around 8. However, the X followers also showcased minimal movements and was noted around 377.
Total Open Interest and Active Addresses Analysis
This week, the derivative data indicates long unwinding activity and the open interest dropped over 1.08% to $191.02 million, whereas the active addresses value dragged to 1923. Moreover, the total number of holders showed a consistent up move and reached 259k.
Per the Fib retracement levels, the GALA price has sustained above the 38.2% zone and is eyeing the 50% zone. However, the MACD indicator shows a bearish crossover and formed red bars on the histogram reflecting volatile moves.
The total supply of the GALA token is 101.06 billion, and the volume to market cap ratio is 0.603. Based on the market cap, the token stands at 167 in the global crypto market.
Summary
The Gala token price is awaiting to cross the upside of $0.08000 and has held on to the gains above the key EMA. Moreover, the token price is sustaining gains in the bullish region and showcased outperformance for the past weeks.
Technical Levels
Support Levels: $0.06500 and $0.06200
Resistance Levels: $0.07000 and $0.07200
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
