1 GALA price prediction showcases the slippage of GALA crypto towards the lower trendline of the consolidation phase. 2 GALA crypto has slumped below the 20, 50, 100 and 200-days Daily Moving Average. 3 The pair of GALA/BTC was at 0.000000798 BTC with an intraday drop of 4.33%. G...
- 1 GALA price prediction showcases the slippage of GALA crypto towards the lower trendline of the consolidation phase.
- 2 GALA crypto has slumped below the 20, 50, 100 and 200-days Daily Moving Average.
- 3 The pair of GALA/BTC was at 0.000000798 BTC with an intraday drop of 4.33%.
Gala price prediction suggests the declining momentum of GALA crypto, and that it may slip below the consolidation over the daily chart. GALA crypto has been experiencing strong selling pressure from the last few trading sessions. Meanwhile, GALA crypto price has lost 12.25% in a week and 13.99% in a month. This confirms the fall of GALA cryptocurrency and its consolidation. Investors in GALA crypto need to wait for any directional change over the daily time frame chart.
Gala price was at $0.02305918 and has lost 3.81% of its market capitalization during the day’s trading session. However, trading volume has increased by 11.99% during the intraday trading session. This demonstrates that buyers are still present in the trade to push GALA crypto price upwards. The volume to market cap ratio was at 0.1129.
Will Gala Price Sustain or Get Detained?
Gala price prediction showcases the declining momentum of GALA crypto towards the lower trendline of the horizontal range-bound area. GALA crypto has been consolidating inside the horizontal price range of $0.02256 and $0.02685. Meanwhile, trading volume can be seen below average and needs to grow during the intraday trading session.
However, GALA crypto has slumped below the 20, 50, 100 and 200-days Daily Moving Average. Gala price has gained around 38.17% year-to-date, confirming GALA may rise in 2023.
Technical indicators suggest the downtrend momentum of GALA crypto price. Relative strength index showcases the downward velocity of GALA price. RSI was at 41 and is heading towards the oversold territory.
MACD exhibits the downside trend of GALA cryptocurrency. The MACD line is below the signal line after a negative crossover. Investors in Gala cryptocurrency need to wait for any directional change over the daily time frame chart.
Summary
Gala price prediction suggests the declining momentum of GALA crypto, and that it may slip below the consolidation over the daily chart. GALA crypto has been consolidating inside the horizontal price range of $0.02256 and $0.02685. Gala price has gained around 38.17% year-to-date. Technical indicators suggest the downtrend momentum of GALA crypto price. Investors in Gala cryptocurrency need to wait for any directional change over the daily time frame chart.
Technical Levels
Support Levels: $0.022533 and $0.020940
Resistance Levels: $0.02451 and $0.02550
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.