Gala Price Analysis: GALA Up By 0.48%, Time to Buy?


  • First support level for Gala is at $0.035.
  • Current Gala Price is 0.048 dollars
  • 24-hour trading volume for Gala is hovering at $133,067,310.00.
  • Bull control GALA’s current price actions.

25 April 2024 : In this article we will walk you through Gala price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Gala, Is GALA a good investment? Gala support & resistance levels etc. But before diving deep into the GALA technical analysis, let us talk about the current market conditions.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,385,654,242,585. The total trading volume stands at $82,321,865,170. Bitcoin shares 53.36 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $64,662.86 level after an upward movement of 0.82%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.86 percent reaching to $3,167.82 during the previous 24 hours.
While publishing this blog, BNB traded at $613.60, following a price change of 0.94% within the same time frame. SOL the native coin of Solana is down by -1.35 and currently trading at $146.47. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.

Gala Support and Resistance

Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Gala (GALA)

GALA Resistance Levels GALA Support Levels
Resistance Level 1 $0.040 Support Level 1 $0.035
Resistance Level 2 $0.043 Support Level 2 $0.032
Resistance Level 3 $0.045 Support Level 3 $0.029

Gala Performance

The current Gala price is $0.048, with a trading volume of $133,067,310.00 in the past 24-hours. Currently, GALA is up by 0.48% since yesterday with a market capitalization of $1,456,810,301.00 USD.

Gala Price Analysis

GALA price analysis for 25 April 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Gala.

Moving Averages Price Indicator
Simple Moving Average (10) 0.038 Buy
Exponential Moving Average (10) 0.038 Buy
Simple Moving Average (20) 0.039 Buy
Exponential Moving Average (20) 0.039 Buy
Simple Moving Average (50) 0.044 Buy
Exponential Moving Average (50) 0.044 Buy

While GALA’s Williams %R indicator is at -72.181 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The MACD line is standing below of the signal line after a crossover. Gala investors need to wait for any directional change over the daily chart. The relative Strength Index (RSI) indicates that the GALA coin is in oversold phase, as RSI is at 26.

Conclusions

There had been a positive trend for some time and it seems that the coin will continue it upward movement as long as it remains in the green area. You should only acquire crypto right now if you're prepared to book profit through short-term market moves.