Gala

Elixir

Rise

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>Gala price is currently trading at $0.02467 while witnessing a gain of 1.02% during the intraday session.</a> </li> 
 <li> <span>2</span> <a>Gala price climbs above 20-day EMA and faces strong rejection from 50-day EMA.</a> </li> 
 <li> <span>3</span> <a>The year-to-date return of the Gala is 48.50% while the three-month return is -22.20%.</a> </li> 
</ul> 
<p>Gala price has been in a strong downtrend, forming lower lows after the bullish rally which was initiated during the start of 2023. The cryptocurrency price formed a yearly high at $0.06293 and has currently dropped below the $0.030 mark.&nbsp;</p> 
<p>At the start of June, the price broke the major support level of $0.028 and melt to form a support at $0.021. Gala price retested the previous support and turned a resistance level of $0.028. Currently, the price seems to be consolidating between the range of $0.028 and $0.021.&nbsp;</p> 
<p>The previous candle closed as a strong bullish candle and formed support at $0.0222. The current candle did break the high of the previous candle but faced strong rejection above $0.026.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/9BKYm63BleE-m4Bl_d2ZPAuuv9065yT2EClHNCsU19nG2WS5DdbYiuP-EUuHc1umEqGFlirA1kcEZnVUaw83Bi9apkMwq-1pee2PPy_yZ1H5WH7GXHwg_gXnmlnhHSIO-Hi7VU4YbxdMMEqPW2ss1zw" alt="Gala Price Prediction: GALA Partners With Elixir Games Launcher"> 
  <figcaption class="wp-element-caption">
    Source: GALA/USDT By <a href="https://www.tradingview.com/x/EkiGFa68/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>If the current candle breaks its own low, it might retrace back toward $0.0222. The rejection is strong as the candle has left a long upper wick. If bears can break the support level of $0.0222, it might melt toward the next support level of $0.021. While on the other hand, if the bullish trend continues, it might head toward $0.028.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-gala-games-partners-with-elixir-strong"><strong>Gala Games Partners With Elixir</strong></h2> 
<p><a href="https://www.thecoinrepublic.com/2023/07/27/gala-price-prediction-gala-at-the-threshold-of-breakdown/" rel="noopener noreferrer nofollow">Gala Games</a> titles including town star and spider tanks will soon launch on the Elixir Games Launcher. The collaboration between Gala and Elixir Games will help players to access Gala games through Elixir’s web3 distribution platform.&nbsp;</p> 
<p>Elixir will also host weekly gaming nights with exclusive prizes and special guests from the Elixir partner program. The dedicated node will be hosted by the Elixir on Gala Network as a part of the partnership.</p> 
<h3 class="wp-block-heading" id="strong-will-gala-price-rise-to-0-028-strong"><strong>Will Gala Price Rise To $0.028?</strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh4.googleusercontent.com/bv6ovxosJqDmad1Re_n2s3ZdOt5nwKzfYsnayrdavbVeO5eU7nf07aoAt0Y5Lm-5-7qyVI6OK3qfaeQWMu8XdHkFTSgjzfGDbFq_CanKtwl0YZUAHMf0mhVpkl3wLFYe-tgultzdubmG_nOIkUk-3Bw" alt="Gala Price Prediction: GALA Partners With Elixir Games Launcher"> 
  <figcaption class="wp-element-caption">
    Source: GALA/USDT By <a href="https://www.tradingview.com/x/Tv0KReWk/" rel="noopener noreferrer nofollow">TradingView</a>. 
  </figcaption> 
 </figure> 
</div> 
<p>The <a href="https://www.thecoinrepublic.com/2023/07/27/gala-price-prediction-gala-at-the-threshold-of-breakdown/" rel="noopener noreferrer nofollow">cryptocurrency price</a> climbed above the 20-day EMA which indicates a rise in bullish momentum but the current candle has faced strong rejection above $0.026. Chaikin money flow score is -0.21 suggesting weakness in the market. CMF has not climbed above the 0 mark since 20 July.&nbsp;</p> 
<p>The relative strength index is 51.16 suggesting the price is gaining momentum but the direction of RSI has turned sideways after the rejection. The Bollinger bands have slightly expanded implying a rise in volatility. The price reached near the lower band and is currently witnessing a short-term pullback.&nbsp;</p> 
<p>The long/short ratio is 0.95 with 48.9% longs and 51.1% shorts indicating a slightly higher selling position in the last 24 hours. The bears have now flipped the candle to bearish.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Technical parameters such as Chaikin money flow and moving average suggest that the price is in bearish momentum and relative index strength is in neutral territory suggesting a chance of a consolidation zone.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Technical levels&nbsp;</strong></h5> 
<p>Major support: $0.0222 and $0.021</p> 
<p>Major resistance: $0.028 and $0.033</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Gala Price Prediction: GALA Partners With Elixir Games Launcher

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Thecoinrepublic.com

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