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GALA / WRAPPED CRO on CRONOS (0X0CCBCB531033C15A79F3B9F316168EEE995A9044) in USDGALA / WRAPPED CRO on CRONOS (0X0CCBCB531033C15A79F3B9F316168EEE995A9044) in USDGALA / WRAPPED CRO on CRONOS (0X0CCBCB531033C15A79F3B9F316168EEE995A9044) in USD

GALA / WRAPPED CRO on CRONOS (0X0CCBCB531033C15A79F3B9F316168EEE995A9044) in USD

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Can GALA Turn Bullish AMid Continuous Accumulation By Hodlers? GALA's price performance was robust until early March 2024, peaking at $0.086279. However, it struggled to maintain these gains, with the bullish trend failing and the price forming lower lows amid a declining trendline. Efforts to sustain gains were evident as the GALA price formed a support level at $0.0384 following a liquidity grab on April 13, 2024. For nearly two months, the price consolidated within a Darvas box range in an attempt to surge. On June 7, 2024, the support was lost following a significant sell-off from the upper boundary of a wedge formation. It coincided with the 50-day and 200-day EMA bands. The breakdown of the Darvas box indicated a loss of critical support for the bulls. This resulted in a sharp decline of over 75% from the ATH of 2024, as the price fell within a narrowing wedge. Despite these setbacks, the GALA chart showed a liquidity grab on August 5, 2024, and over the past 45 days, the price has only recovered 36% of its previous gains from the historical demand zone. The 20-day, 50-day, and 200-day EMA bands present significant resistance that could hinder further gains. However, the possibility for the outlook to change would be, if GALA manages to break through these levels. A critical level to watch in a bullish stance is $0.02686, which could be pivotal for a potential rebound and Change of Character (CHoCH). Per the GALA price prediction, support levels were at $0.012533 and $0.016055. On the other hand, resistance levels were at $0.026864 and $0.038141.
BITFINEX:GALAUSDLong
by Sam_TCR
bearish territory with a slight bullish cross**GALA's** price performance was strong until early March 2024, peaking at $0.086279. However, it struggled to maintain these gains, with the bullish trend failing and the price forming lower lows amid a declining trendline. Efforts to sustain gains were evident as GALA price formed a support level at $0.0384 following a liquidity grab on April 13, 2024. For nearly two months, the price consolidated within a Darvas box range in an attempt to surge. However, on June 7, 2024, the support was lost following a significant sell-off from the upper boundary of a wedge formation, which coincided with the 50-day and 200-day EMA bands. The breakdown of the Darvas box indicated a loss of critical support for the bulls. This resulted in a sharp decline of over 75% from the ATH of 2024, as the price fell within a narrowing wedge. Currently, **GALA crypto price** is forming a dynamic falling wedge. A key level to watch is $0.02686, which could be pivotal for a potential rebound and Change of Character (CHoCH). ## **Can GALA Turn Bullish?** Despite these challenges, the **GALA** chart displayed a liquidity grab on August 5, 2024, at a dual support zone, aligning with the historical demand zone and the lower border of the dynamic wedge. Despite the attempt to rise, the bears remained dominant and kept the price beneath the wedge's upper border. The **GALA** last month's increase remained 40% only. The 20-day and 50-day EMA bands are posing significant obstacles that could impede further gains. However, once it pierces them, the situation might flip. ## **Indicators of GALA** MACD Remains in the bearish territory with a slight bullish cross. The MACD line is at -0.00022553, and the histogram is at 0.00005522. RSI Stands at 49.64, closer to the median of 50, but shows recovery from oversold conditions, hinting at possible opportunities for a rebound. ## **Levels To Watch For** Per the GALA price prediction, support levels are at $0.012533 and $0.016055. While, resistance levels are at $0.026864 and $0.038141.
BITFINEX:GALAUSDLong
by Sam_TCR
GALA's price activity was robust, with more than 580% gains GALA’s market capitalization increased by 7% in the past day, which was $682 Million, and ranked 90th on CoinMarketCap in terms of market cap. GALA's price activity was robust, with more than 580% gains until early March 2024, when it reached a high of $0.086279. However, it failed to sustain, and fell downwards, which formed a support level at $0.0384 following a liquidity grab candle on April 13, 2024. However, on June 7th, 2024, the support was breached following a significant selling from the upper border of the wedge formation. The fall took GALA to its original support level of $0.01253, which displayed a liquidity grab on August 5, 2024. Then, the price rose and breached the upper border and could show momentum if buyers rose.
BITFINEX:GALAUSDLong
by Sam_TCR
1
nearly two months, the price consolidatedGALA's price performance was strong until early March 2024, when it peaked at $0.086279. However, it struggled to maintain these gains, with the bullish trend failing and the price forming lower lows amid a declining trendline. The efforts to sustain gains were evident as GALA formed a support level at $0.0384 following a liquidity grab on April 13, 2024. For nearly two months, the price consolidated within a Darvas box range in an attempt to surge. Unfortunately, on June 7th, 2024, the support was lost following a significant sell-off from the upper boundary of a wedge formation and the coincided 50-day and 200-day EMA bands. The breakdown of the Darvas box indicated a loss of critical support for the bulls. This resulted in a sharp decline of over 75% from the ATH of 2024, as the price fell within a narrowing wedge. Currently, GALA is forming a dynamic falling wedge. A key level to watch is $0.02686, which could be pivotal for a potential rebound and Change of Character (CHoCH). Despite these challenges, GALA saw a liquidity grab on August 5, 2024, at a dual support zone, aligning with the historical demand zone and the lower border of the dynamic wedge.
BITFINEX:GALAUSDLong
by Sam_TCR
1
sustained downtrend has created a dynamic falling wedgeGALA price had been doing great until the first quarter, March 10th, 2024, when the price was rallying and reached $0.08627. However, the price was not able to hold on to its gains. The bulls slipped and violated the uptrend by formulating lower low peaks, amid a declining trendline. However, the GALA crypto tried to maintain its gains by forming support at $0.0384 after a liquid grab candle was witnessed on April 13th, 2024. Thereon, the price started consolidating in a darvas box range for nearly 2 months, in order to surge. However, this equilibrium state collapsed after the one-sided loss of bulls on June 7th, 2024. The sell-off was seen from the coinciding upper border of the developed wedge and EMA bands (200 & 50-day). The Darvas box range crystally signified that the bulls lost the key support it tried to hold on. The bear's desperate attempt to breach the support led to the victory in the bear's hands. Moreover, after the slippage of gains over the last 5 months, the plummetation increased in the narrowing wedge, resulting in a drop of more than 75% in GALA price. This sustained downtrend has created a dynamic falling wedge trendline. A crucial level to monitor is $0.02686, which represents a significant juncture for traders and investors, in case of resurgence. Despite these obstacles, GALA recently developed a liquidity grab on August 5th, 2024. This candle fortunately developed at a coinciding dual supports of demand zone with historical surge records, and dynamic wedge's lower border. But, 50-day EMA and $0.0686 looms as a strong hurdle, which could threaten the price gains and have a strong chance that it might lead towards more downward pressure. GALA Price Forecast And Indicators Outlook
BITFINEX:GALAUSDLong
by Sam_TCR
1
Gala Price Nearing A Strong Demand Zone?Gala Price Nearing A Strong Demand Zone? Gala represents a web3 universe, anchored by its proprietary layer-1 blockchain known as GalaChain. Moreover, This blockchain is the driving force behind the diverse Gala entertainment realm, encompassing Gala Games, Gala Music, and Gala Film. Expanding its horizons, GalaChain has recently welcomed external developers and ventures from various sectors, offering accessible open-source tools designed to simplify the development processes. The daily GALA/USD chart reveals that the crypto had been in a correction phase for the last two months. The bears have retained control as the price continued to lower, forming a declining channel pattern. However, the recent fall has dragged the crypto near a major demand zone from where the bulls may take the charge. At the time of writing, GALA crypto was hovering close to $0.025 recording a positive intraday gain of 3.9%. Now, if the bulls are able to make a comeback, the price may bounce back from the demand and end its correction phase. on the contrary if the price breaks below the $0.025 level, it may indicate a bearish continuation.
CRYPTO:GALAUSDLong
by Ritika_TCR
GALA crypto looks ready for a massive surge Technical Overview Of GALA Crypto Price The GALA price had been doing great until March 10th 2024, when the price was rallying and reached $0.085. But the price was not able to hold on to its gains and plunged by folllowing declining trendline. However, the GALA crypto formed a support at $0.0400 and has been consolidating in a darvas box range. The range signifies that the bulls are holding the key support, and bears are desperately trying to breach the support. But, bears are not that strong to break the support level of $0.0400. This could be a major sign of a comeback as the price needs a push to break the declining trendline and aim for 50% growth on the daily chart. Indicator Analysis And GALA Price Forecast The GALA asset price is demonstrating upward momentum as it keeps above major 50-day and 200-day EMA's. Similarly, the asset is trying to become bullish strength, as the histogram is growing 0.000395, and the RSI is above 50, at 56.87, implying that the GALA asset is in a positive territory and can push further up. An analyst Bitcoinmeraklsi posted an optimistic tweet on X platform, that all eyes are on GALA, and a bullish reversal could be triggered out of this darvas box consolidation. He further stated that the chart looks bullish if BTC gives support, that is, at least if there is no decline from BTC, it would break the decline soon. Overall, the GALA crypto looks ready for a massive surge ahead, as it builds up strength by consolidating in the Darvas box sideways range. Once breached the price could potentially blast through the barrier and skyrocket to new levels from the current demand zone. At press time, the GALA crypto is experiencing a surge of 0.76% in the last 24 hours, trading at $0.04764. Therefore, if the demand for the asset remains high, the GALA asset price could bounce back from the current level. The next target for the GALA price is to reach $0.0700, and $0.0850. However, if the GALA crypto asset price fails to stay above the $0.000 level, it could decline further.
BITFINEX:GALAUSDLong
by Sam_TCR
1
In the wake of the hack, GALA price deteriorated, which happens In the wake of the hack, GALA price deteriorated, which happens to be an typical reaction of the market to the security breach. GALA's price sank as low as $0.038 in the aftermath, but it has since recovered and stabilized at $0.04159. Furthermore, the price has defended its support level on multiple occasions, but failed to move higher on the daily chart. The GALA price has been consistently moving below the declining trendline. This price shows an intraday decline of -4.29%, and a 24-hour trading volume of $775.43 Million. Therefore, if the users take the hack incident seriously, and bulls lose it ground, then the price could break the support level of $0.038 massively and could reach lower levels. On the contrary situation, if the user's trust increases and the bulls start to enter, then it could give a breakout for the upside, and then the price could achieve targets like $0.070, and $0.0850. The indicators, are not clearly showing anything as MACD, and RSI are consolidating, and price has been taking rejection from dynamic 50-day EMA, and support from dynamic support of 200-day EMA.
BITFINEX:GALAUSD
by Sam_TCR
GALA Crypto Forecast: Persistent Struggle or a Month of Triumph?Recently, there has been a noticeable increase in social volume concerning GALA cryptocurrency. GALA crypto may encounter a significant obstacle at the upper edge of a distinctive pattern that has emerged. GALA cryptocurrency appears to be bottoming out after a period of decline, even as the wider market undergoes corrections. Previously, GALA's price was correcting, but now, the broader market's rebound is encouraging investors to push for a turnaround. Moreover, recent announcements from GALA GAMES have generated optimism among its community. These developments may play a key role in deciding GALA's potential future price trajectory. Social Volume Registers Impressive Growth! Gala Games has kicked off its May Mayhem event, where engaging with their gaming platform rewards participants. The event began on May 6th and has seemingly influenced the recent price movements. It’s May Mayhem time! Time to get grinding!There are events going on all over GalaChain all month long! t.co Gala Games (@GoGalaGames) May 1, 2024 Notably, there's been a significant increase in social volume during recent sessions, indicating heightened social media engagement with the event. Data from the financial analytics site app.santiment.net shows that social volume has nearly doubled recently, which could positively affect the cryptocurrency's value. Additionally, Social volume measures the level of social media interaction concerning a crypto-related event, reflecting the community's interest and the cryptocurrency's perceived value. GALA Crypto: From A Price Perspective? From a pricing standpoint, GALA cryptocurrency has been trading within a downward-sloping parallel channel over the past month, with the channel's upper and lower lines serving as resistance and support, respectively. Nonetheless, a recent formation of a double bottom pattern appears to challenge the existing channel, hinting at a potential change in the market direction. Should the price exceed the double bottom pattern's neckline at the $0.053 mark, which coincides with the channel's upper limit, a bullish trend could be confirmed on the charts. A successful upward breakout could signal the conclusion of the corrective phase, potentially propelling the cryptocurrency to higher levels, provided there is sufficient trading volume. Conversely, a close below the $0.039 threshold could negate the prospect of a trend reversal, possibly leading to further declines in GALA's price. Conclusion. GALA cryptocurrency is showing signs of recovery amid a market correction, with the May Mayhem event by Gala Games boosting engagement and potentially its value. Moreover, Social volume has surged, reflecting increased interest among the users. Technically, GALA is at a crossroads within a declining channel pattern. A break above the $0.053 resistance could confirm a bullish trend, while a drop below $0.039 support may extend losses. Also, The market's next move hinges on volume and sentiment, with GALA's price action at a pivotal point that could determine its trajectory in the near term.
CRYPTO:GALAUSD
by Ritika_TCR
Can Gala Crypto Price Portray An Extravagant Force In Either WayAt press time, the Gala crypto was trading close to $0.059, recording an intraday loss of 3.83%. The technical indicators imply a neutral to slightly bullish outlook at the moment. The Gala crypto is extending the losses on the second consecutive day and dropped below the 20 day exponential moving average. The crypto has lost nearly 11% in the last two sessions. The daily chart implies a consolidation for the last three weeks. The lower boundary of the consolidation is $o.055 level whereas the upper boundary of the consolidation is 0.069 USD. The long term trend outlook is positive which may invite more buying volumes at the lower levels. On the lower side, the 50 day EMA may act as a dynamic support. If the buyers are able to defend the price above the dynamic support of 50 day EMA it may continue to thrust upwards. The breakout or breakdown on either side of the consolidation may initiate a new trend. Gala Crypto Active Addresses Analysis The Number of active addresses represent the actual number of users who have performed transactions in a given period of time. A higher number of transactions indicates more liquidity and more preferable for the investors. The above chart shows that the number of 24 hour and 7 day active addresses saw fluctuations between December 2023 to March 2024. The number of active addresses dropped in January and the first week of February. The number of 24 hour active addresses were 230 and 7 day active addresses were 851 in January. The active addresses saw a significant rise in February along with the GALA crypto price movement. However, the number of active addresses dropped again in the last week of March and is currently the same as in January. Gala Crypto: OI Data Insights The above chart showcases the variation of OI data along with the Gala price for the last few months. The chart depicts that the number of open contracts dropped in later weeks of December and January and so was the price. However, the OI data witnessed a massive surge in February as the price broke out on the higher side. The last two weeks show a drop in the number of OI contracts. Positive Sentiments Have Faded: Can GALA Drop Lower The sentiment data displays the overall bias of the traders and investors whether it is bullish, bearish or neutral at the moment. As per the chart, the overall sentiment is neutral at the moment. Earlier, the weighted sentiment was on the bullish side. However, the negative sentiments surged in the recent sessions which dragged the overall sentiment towards the neutral side. Gala Crypto Price Prediction 2024. On the most optimistic note, GALA crypto could gain to a high of $0.084 as the highest value in April if the bulls are able to surpass the recent dynamic resistance of $0.069 level. On the other hand, the most pessimistic prediction of our analysts is for the price to reach $0.046 if it breaks below the recent support level of $0.055. Conclusion. Gala crypto is experiencing a downturn and has fallen below the 20-day EMA with an 11% loss in the last two sessions. Currently, the crypto is consolidating between $0.055 and $0.069. The trend outlook is positive in the long-term outlook which may potentially attract buyers. The Active addresses show a fluctuation, peaking in February with price increase, but has declined in the recent sessions. As per the positive view of our analysts GALA could hit $0.084 in April if it overcomes $0.069 resistance. Technical levels: Support levels: $0.055 and $0.046. Resistance levels: $0.069 and $0.084. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:GALAUSD
by Ritika_TCR
1