Resistance

Time

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>GALAUSD Sellers have gained momentum and looked aggressive in the past sessions.</a></li>
 <li><span>2</span> <a>The GALA coin price is struggling to escape the key moving averages.</a></li>
</ul>
<p>The GALA crypto is taking rejection from the 50-day EMA near the threshold of $0.01642553, showcasing bearishness in the trend. The GALA coin oscillators are currently indicating that the price is overbought. The investors and traders are not very optimistic regarding the recovery of the GALA crypto. The short sellers may find this opportunity beneficial whereas buyers may prefer to wait on the sidelines regarding the current scenario.</p>
<p>Currently, the GALA price requires significant support from the buyers in order to make a recovery as it is facing major resistance from the previous resistance points and Key moving average levels. Buyers are pulling the price action into their grasp, according to the price action.</p>
<p>At press time, GALA crypto was trading at $0.01497995 with an intraday loss of -5.46% trading below the 50-day EMA, showing bearishness on the charts. Moreover, the intraday trading volume also showed a decline of 11.68%, which is 47.127 Million. The market cap of GALA crypto is 369.241 Billion.</p>
<h2 class="wp-block-heading" id="strong-what-gala-crypto-price-reflects-on-the-daily-time-frame-strong"><strong>What GALA Crypto Price Reflects On The Daily Time Frame?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh6.googleusercontent.com/z16ZNgvyMlaGmVxCmmVEvPBUejEurNvJoZT_bNzy2CfgWEIMoDOnt139wJOEFy7DUBLaEDEbbK9GleQ56SryOZYzMISgoL1PrasfsmMOt-nRPuqERWf8SgsdqfBrnwWT4B0vqx9gIL7SfTT7VVvmcQg" alt="GALA Crypto Price Analysis: What's Next for GALA in 2023?">
  <figcaption class="wp-element-caption">
   Source: Tradingview
  </figcaption>
 </figure>
</div>
<p><a href="https://www.thecoinrepublic.com/2023/09/21/gala-crypto-prediction-will-galausd-break-above-50-ema-level/" rel="noopener noreferrer nofollow">The GALA token</a> is currently trading below the 50, 100, and 200 EMAs, showcasing bearishness on the daily chart.</p>
<p>The RSI curve is taking a reversal from the level of 56 and now heading downward, indicating bearishness in the trend.</p>
<p>The MACD is still forming green bars on the histogram, showing GALA is bullish. However, the MACD and signal line are still in the bearish territory.</p>
<h2 class="wp-block-heading" id="strong-short-time-horizon-analysis-strong"><strong>Short-Time Horizon Analysis</strong></h2>
<p>The GALA token has shown sellers’ strength. The profit booking in the crypto was noted on the short-term charts. Moreover, the price traded below the key EMAs, which shows further weakness in the crypto. The RSI curve is near the oversold territory at 50 and a negative outlook was noted. It indicates bearishness in the crypto. The MACD indicator also persisted to form red bars. A bearish crossover was noted, which signals bearish moves on the daily chart.</p>
<h3 class="wp-block-heading" id="strong-weekly-time-horizon-analysis-strong"><strong>Weekly-Time Horizon Analysis</strong></h3>
<p>The weekly charts of the GALA coin price reveal that the sellers have been dominant. The crypto has been on a downward trend, as it has broken below the key EMAs. The technical indicators also confirm the bearish sentiment, as the RSI is near the oversold zone at 34. The MACD has formed red bars and a bearish crossover. These signals indicate that the crypto may face more downside pressure in the upcoming weeks.</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion&nbsp;</strong></h3>
<p>The GALA token price facing rejection from the 50-day EMA level, showcasing bearishness on the chart. The Key indicators like MACD, RSI, and EMAs are indicating a bearish outlook. Moreover, the overall outlook for the GALA crypto is bearish.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: The GALA crypto price may find support at $0.01306715 and $0.00846099, where it could bounce back or stabilize.</p>
<p>Resistance levels: The GALA crypto price may face resistance at $0.03576896 and $0.02896938, where it could reverse or consolidate.</p>
<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 Price Analysis: What’s Next for GALA in 2023?

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