Million

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>GALA crypto price increased by 17.29% over the past seven days.</a></li>
 <li><span>2</span> <a>GALA crypto price is currently trading at $0.01569635 with a rise of 2.18% in the last 24 hours.</a></li>
</ul>
<p>GALA price forecast indicates that the GALA crypto is in bears’ grip. However, the GALA price has risen by 17.29% over the past 7 days and according to the price action bulls are trying to breach the 50 EMA level.</p>
<p>At present, the bears are in charge of the trend where they are maintaining firm command over the price action. Although the bulls attempted to take control. Despite the bullish optimism, the buyers were unable to break above key EMAs, and bears regained supremacy over the price action on the 1-day chart.</p>
<p>GALA crypto is trading under the key exponential moving averages within the bear’s grasp. The price is facing resistance from the 50 EMA at present on the daily timeframe. The price is facing substantial selling pressure in the supply zone which indicates that bears may push its value down further in the near future.</p>
<p>The technical indicators suggest that bears hold the edge over the price action. The price pattern, oscillators, EMAs, and volume are moving in tandem, giving similar signals.</p>
<p>At the time of writing, GALAUSD is trading at $0.01569635 with an intraday gain of 2.18%, signaling bearishness. Moreover, the trading 24-hour volume is 11.819 Million and the last 10 days’ average trading volume is $14.617.</p>
<h2 class="wp-block-heading" id="strong-technical-analysis-of-gala-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of GALA Crypto Price in 1-D Timeframe</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh5.googleusercontent.com/QQxqXAr92GaR-cGALzQ6qOR8dTA_d5Wu5P3MXU0f9TgK0M7ZKD-3AN56-QcAGpO4qP2GI2wHGDUULSf6ElCLKL8-pW_79jSeyDZuXaCOOcDM7kWM89DI3GXNI0VmTAp1mdUCwAJIjN71lnHNCa8YikY" alt="GALA Crypto Forecast: GALAUSD Price Targets For October 2023?">
  <figcaption class="wp-element-caption">
   Source: GALA.1D.USD by <a href="https://www.tradingview.com/x/JEzjVxko/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>At the time of publishing, GALA crypto (GALAUSD) is trading below the 50 and 200-day SMAs (simple moving averages), which do not support the price trend.&nbsp;</p>
<p>However, if selling volume adds up, then the price might conquer supporting SMAs by making lower highs and lows. Hence, the GALAUSD <a href="https://www.thecoinrepublic.com/2023/09/21/gala-crypto-prediction-will-galausd-break-above-50-ema-level/" rel="noopener noreferrer nofollow">price</a> is expected to move downwards giving bearish views over the daily time frame chart.</p>
<p>The current value of RSI is 55.63 points. The 14 SMA is below the median line at 39.49 points which indicates that the GALA crypto is bullish.</p>
<p>The MACD line at -0.00034719 and the signal line at -0.00078016 are below the zero line. A bullish crossover is observed in the MACD indicator which signals bullishness for the GALAUSD crypto price.</p>
<h4 class="wp-block-heading"><strong>Summary</strong></h4>
<p>GALA crypto technical oscillators also support the bearish trend. The MACD, RSI, and EMAs emphasize positive signs and imply that a mild uptrend could be seen in the GALAUSD crypto price. GALA price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment. The current scenario requires traders and investors to be patient and look for a clear break below or above the range before making any moves and avoid the fear of missing out to minimize losses.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<ul>
 <li><strong>Support Levels</strong>: $0.01273814</li>
 <li><strong>Resistance Levels: </strong>$0.02614625.</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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</p>

GALA Crypto Forecast: GALAUSD Price Targets For October 2023?

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Thecoinrepublic.com

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