- Prices are falling in a downward triangular pattern on the daily chart. The token needs its bull for support.
- Cryptocurrency assets are below the moving averages of 20, 50, 100, and 200 days.
- GALA / BTC is 0.000002683 BTC with a loss of 2.75%.
GALA We aim to take the gaming industry in a different direction by giving players control over the game. Players own non-fungible tokens (NFTs) and can influence the governance of games within the Gala Games ecosystem.
GALA prices move within a downward triangular pattern on the daily price chart. Currently, the bear is pushing prices up to his lower arm and could probably record a breakdown soon. This bearish pressure is giving the entire crypto market a difficult time. Tokens need to attract buyers to oppose trends and prevent breakdowns. Analysts believe that in the event of a breakdown, the price could plummet to a support level of $ 0.020. Prices are well below the 5-day simple moving average.
One current price GALA The coin is trading at $ 0.052 and has a loss of 1.13% in market capitalization over the last 24 hours. The trading volume of coins is 193 million, with a loss of 2.75% in a 24-hour trading session and a market capitalization of 364 million. GALA’s market capitalization ratio is 0.5302.
What does the technical indicator suggest to GALA?
Trading volumes have fallen 2.75%, below average and prices below index moving averages. The technical indicator MACD is on the verge of giving a negative crossover to support the minimized histogram. Along with this, the Relative Strength Index shows selling pressure on coins, approaching oversold areas.RSI value of GALA Bollinger Bands favor bulls as prices crossed in the band below.
GALA prices are moving within a downward triangular pattern on the daily price chart and are on a downward trend over all time ranges. Currently, bears are pushing prices down to make a breakdown. The trading volume is a loss of 2.75%. Technical indicators show bearish movements.
Resistance levels: $ 0.070 and $ 0.079
Support levels: $ 0.046 and $ 0.040
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