GAL USDT Galatasaray Fan Token Technical Analysis

Photo of author

By Frans van Elst

Galatasaray Fan Token logo In this Galatasaray Fan Token technical analysis, we will examine the current price action, trading volume, key levels and indicators for GAL-USDT. Galatasaray Fan Token (GAL) is a utility token that empowers fans to engage with the iconic Turkish football club in new and innovative ways. With GAL, fans can purchase exclusive merchandise, access unique experiences, and show their support for the team like never before. By leveraging blockchain technology, GAL provides a secure, transparent, and decentralized platform for fans to connect with Galatasaray and the broader football community.

Galatasaray Fan Token Price Overview:

As of June 15, 2024, Galatasaray Fan Token is trading at approximately 2.731 USDT. Let’s dive into the detailed price action for GAL-USDT:

Acknowledge potential headwinds for Galatasaray Fan Token (GALUSDT) at 2.73 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Metric Value
Open (O) 2.658
High (H) 2.734
Low (L) 2.653
Close (C) 2.731
Volume (C) 322,114.91
  • Open (O): The opening price for today’s trading session was approximately 2.658 USDT.
  • High (H): Galatasaray Fan Token reached a daily high of around 2.734 USDT.
  • Low (L): The daily low for GAL-USDT was approximately 2.653 USDT.
  • Close (C): At the time of analysis, Galatasaray Fan Token is trading near its daily close of 2.731 USDT.
Metric Value
1D Change (%) 2.79%
3D Change (%) -6.22%
7D Change (%) -11.01%
30D Change (%) -19.91%
90D Change (%) -46.24%
YTD Change (%) 17.41%

Over the past three days, GALUSDT has decreased by approximately -6.22%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -11.01%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GALUSDT maintaining a downward trend of approximately -19.91%, despite intermittent fluctuations. Examining the last 90 days, GALUSDT has witnessed substantial decrease of approximately -46.24%, reflecting strong long-term confidence. Year-to-date, GALUSDT has steadily appreciated by around 17.41%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Galatasaray Fan Token Live Chart:

You can access a live price chart for GAL-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.69417.
  • Momentum score is -0.2528.

GAL USDT Technical Analysis

Galatasaray Fan Token Trading Volume:

The trading volume for Galatasaray Fan Token (GAL) over the past 24 hours has been insignificant, with approximately 322,114.91 USDT traded against GAL. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): GAL is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Galatasaray Fan Token is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for GAL-USDT is currently in the low zone, around 39.81548. This suggests that Galatasaray Fan Token is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Galatasaray Fan Token (GAL-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Acknowledge potential headwinds for Galatasaray Fan Token (GALUSDT) at 2.73 USDT through bearish technical analysis, featuring weakened support and cautionary indicators.

Take your understanding to the next level with our extensive analysis of GAL BTC Galatasaray Fan Token Technical Analysis; if you enjoyed this post, you’re in for a treat!

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

You have not selected any currencies to display