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 cryptocurrency that represents the loyalty and support of Galatasaray SK fans worldwide. It is built on the Ethereum blockchain and offers various benefits to its holders, such as exclusive content, merchandise discounts, and priority access to tickets and events. By holding GAL, fans can show their dedication to the team and be part of a global community of supporters.
Galatasaray Fan Token Price Overview:
As of October 02, 2023, Galatasaray Fan Token is trading at approximately 1.216 USDT. Let’s dive into the detailed price action for GAL-USDT:
| Metric | Value |
|---|---|
| Open (O) | 1.32 |
| High (H) | 1.326 |
| Low (L) | 1.213 |
| Close (C) | 1.216 |
| Volume (C) | 1,767,407.13 |
- Open (O): The opening price for today’s trading session was approximately 1.32 USDT.
- High (H): Galatasaray Fan Token reached a daily high of around 1.326 USDT.
- Low (L): The daily low for GAL-USDT was approximately 1.213 USDT.
- Close (C): At the time of analysis, Galatasaray Fan Token is trading near its daily close of 1.216 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -7.81% |
| 3D Change (%) | -6.46% |
| 7D Change (%) | -9.93% |
| 30D Change (%) | 6.29% |
| 90D Change (%) | -3.49% |
| YTD Change (%) | 18.40% |
Over the past three days, GALUSDT has dropped by approximately -6.46%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -9.93%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GALUSDT maintaining an upward trend of approximately 6.29%, despite intermittent fluctuations. Examining the last 90 days, GALUSDT has witnessed substantial drop of approximately -3.49%, reflecting strong long-term confidence. Year-to-date, GALUSDT has steadily increased by around 18.40%, 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 0.62459.
- Momentum score is 0.06294.
GAL USDT Technical Analysis
Galatasaray Fan Token Trading Volume:
The trading volume for Galatasaray Fan Token (GAL) over the past 24 hours has been significant, with approximately 1,767,407.13 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Galatasaray Fan Token is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for GAL-USDT is currently in the neutral zone, around 48.57514. This suggests that Galatasaray Fan Token is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
Galatasaray Fan Token (GAL-USDT) is currently exhibiting signs of short-term bullish 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 neutral RSI and significant trading volume are neutral signals for potential sideways movement.
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.
