Gala Games (GALA) Price Prediction: GALA Keeps Eyes On $0.20 Next!


Gala Games (GALA) price is buying and selling marginally decrease on the weekend. GALA value motion is noticeably bearish since February 9. As bulls are dropping their persistence, it appears extra believable that GALA value will first must dip again in direction of $0.20.

  • Gala Video games value continues to fall for the fourth straight day on Saturday.
  • GALA broke under the essential stage highlighting additional draw back danger for the pair.
  • The upside is capped close to $0.40 on the every day chart.

As of press time, GALA/USD is buying and selling at $0.28, down 2% for the day. The 24-hour buying and selling quantity of the coin reads at $830,945,406 with 35% losses.

GALA trades close to an important level- a make or break motion

On the every day chart, GALA has dropped virtually 82%  from all-time highs of $0.84 made on November 27. After consolidating in late January, the worth rallied virtually 20%.

Supply: Buying and selling View

However the upside stays capped close to the swing highs of $0.39 as bulls lack the conviction to cross above the extent. At present, the worth sliced under the 20-day Easy Shifting Common (SMA) at $0.28 trades close to the ascending development line from the lows of $0.20 made on February 4.

As the worldwide sentiment worsen over the weekend owing to the geopolitical issues, it appears to be that GALA is about to shed one other 28% from the present worth and dip again to the low final seen in November at $0.11.

Alternatively, a shift within the bullish sentiment might pull again to the highs of February 9 at $0.39 adopted by the 0.50 horizontal resistance line.

Technical Indicators:

RSI: The Every day Relative Power Index (RSI) reads at 45 with a bearish bias.

MACD: The Shifting Common Convergence Divergence (MACD) holds above the midline. Any downtick within the indicator might strengthen the draw back outlook for the pair.

 

Disclaimer

The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any accountability to your private monetary loss.

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