In this GALA technical analysis, we will examine the current price action, trading volume, key levels and indicators for GALA-USDT. GALA is an innovative blockchain platform that enables developers to create unique and engaging experiences for users. With its user-friendly interface and robust tools, GALA empowers creators to build immersive virtual worlds and interactive applications that transcend traditional gaming boundaries. By leveraging the power of blockchain technology, GALA provides a secure and transparent platform for users to explore new frontiers in gaming and beyond.
GALA Price Overview:
As of May 17, 2024, GALA is trading at approximately 0.04526 USDT. Let’s dive into the detailed price action for GALA-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.0441 |
| High (H) | 0.04552 |
| Low (L) | 0.04306 |
| Close (C) | 0.04526 |
| Volume (C) | 371,388,959.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0441 USDT.
- High (H): GALA reached a daily high of around 0.04552 USDT.
- Low (L): The daily low for GALA-USDT was approximately 0.04306 USDT.
- Close (C): At the time of analysis, GALA is trading near its daily close of 0.04526 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.65% |
| 3D Change (%) | 14.29% |
| 7D Change (%) | 7.35% |
| 30D Change (%) | 12.20% |
| 90D Change (%) | 70.99% |
| YTD Change (%) | 49.13% |
Over the past three days, GALAUSDT has risen by approximately 14.29%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 7.35%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with GALAUSDT maintaining an upward trend of approximately 12.20%, despite intermittent fluctuations. Examining the last 90 days, GALAUSDT has witnessed substantial increase of approximately 70.99%, reflecting strong long-term confidence. Year-to-date, GALAUSDT has steadily appreciated by around 49.13%, 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-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 0.61083.
- Momentum score is -0.01694.
GALA USDT Technical Analysis
GALA Trading Volume:
The trading volume for GALA (GALA) over the past 24 hours has been insignificant, with approximately 371,388,959.00 USDT 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-USDT is currently in the neutral zone, around 48.84851. This suggests that GALA is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
GALA (GALA-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 neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
Explore potential downturns for GALA (GALAUSDT) at 4.53e-02 USDT, supported by cautionary indicators and weakened fundamentals, as revealed in technical analysis.
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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.