GALA BTC GALA Technical Analysis

Photo of author

By Frans van Elst

GALA logo In this GALA technical analysis, we will examine the current price action, trading volume, key levels and indicators for GALA-BTC. GALA is a decentralized platform that enables creators to produce and distribute unique digital content, such as interactive experiences and virtual reality worlds. The platform utilizes blockchain technology to provide transparent and secure transactions for its users. With GALA, creators can monetize their content through a user-driven economy, allowing them to earn rewards in the form of cryptocurrency.

GALA Price Overview:

As of April 20, 2024, GALA is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for GALA-BTC:

Unveil potential setbacks for GALA (GALABTC) at 7.70e-07 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

Metric Value
Open (O) 0.0
High (H) 0.0
Low (L) 0.0
Close (C) 0.0
Volume (C) 11,321,430.00
  • Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
  • High (H): GALA reached a daily high of around 0.0 BTC.
  • Low (L): The daily low for GALA-BTC was approximately 0.0 BTC.
  • Close (C): At the time of analysis, GALA is trading near its daily close of 0.0 BTC.
Metric Value
1D Change (%) 10.00%
3D Change (%) 16.67%
7D Change (%) 20.31%
30D Change (%) -11.49%
90D Change (%) 32.76%
YTD Change (%) 6.94%

Over the past three days, GALABTC has increased by approximately 16.67%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 20.31%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GALABTC maintaining a downward trend of approximately -11.49%, despite intermittent fluctuations. Examining the last 90 days, GALABTC has witnessed substantial increase of approximately 32.76%, reflecting strong long-term confidence. Year-to-date, GALABTC has steadily appreciated by around 6.94%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

GALA Live Chart:

You can access a live price chart for GALA-BTC 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 0.97091.
  • Momentum score is -0.20619.

GALA BTC Technical Analysis

GALA Trading Volume:

The trading volume for GALA (GALA) over the past 24 hours has been insignificant, with approximately 11,321,430.00 BTC traded against GALA. 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): GALA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): GALA is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for GALA-BTC is currently in the neutral zone, around 49.65556. This suggests that GALA is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

GALA (GALA-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Unveil potential setbacks for GALA (GALABTC) at 7.70e-07 BTC through technical analysis, showcasing bearish trends, weakened support, and cautionary indicators.

Unlock additional insights on GALA USDT GALA Technical Analysis with our detailed analysis; a must-read if you enjoyed the content of this post.

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