Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- GALA is down -3.22% today against the US Dollar
- GALA/BTC decreased by -2.21% today
- GALA/ETH decreased by -3.06% today
- GALA is currently trading 8.24% below our prediction on Jul 17, 2023
- GALA gained 11.99% in the last month and is down -50.92% since 1 year ago
| GALA price | $ 0.023836 |
| GALA prediction | $ 0.025975 (8.97%) |
| Sentiment | Bearish |
| Fear & Greed index | 64 (Greed) |
| Key support levels | $ 0.024152, $ 0.023664, $ 0.023075 |
| Key resistance levels | $ 0.025230, $ 0.025820, $ 0.026308 |
GALA price is expected to rise by 8.97% in the next 5 days according to our GALA price prediction
GALA price today is trading at $ 0.023836 after losing -3.22% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -3.52% in the same time period. GALA performed poorly against BTC today and recorded a -2.21% loss against the world’s largest cryptocurrency.
According to our GALA price prediction, GALA is expected to reach a price of $ 0.025975 by Jul 17, 2023. This would represent a 8.97% price increase for GALA in the next 5 days.
GALA Price Prediction Chart
Buy/Sell GALA
What has been going on with GALA in the last 30 days
GALA has been displaying a positive trend recently, as the coin gained 11.99% in the last 30-days. The medium-term trend for GALA has been bearish, with GALA dropping by -44.83% in the last 3 months. The long-term picture for GALA has been negative, as GALA is currently displaying a -50.92% 1-year price change. On this day last year, GALA was trading at $ 0.048565.
GALA reached its all-time high price on Nov 26, 2021, when the price of GALA peaked at $ 0.831875. The current GALA cycle high is $ 0.062320, while the cycle low is at $ 0.015524. GALA has been displaying low volatility recently – the 1-month volatility of the coin is at 5.85. GALA recorded 19 green days in the last 30 days.
GALA technical analysis for today – Jul 12, 2023
The sentiment in the GALA markets is currently Bearish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.024152, $ 0.023664 and $ 0.023075, while $ 0.025230, $ 0.025820 and $ 0.026308 are the key resistance levels.
Bearish sentiment for GALA
2 indicators are currently signaling a bullish prediction for GALA, while 24 indicators are showing a bearish forecast. With 92% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for GALA.
Crypto market is currently experiencing Greed
Currently, the Fear & Greed index is at 64 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.
GALA moving averages & oscillators
Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how GALA is positioned in the market right now.
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
| MA3 | $ 0.024328 (SELL) | $ 0.024640 (SELL) | – | – |
| MA5 | $ 0.024240 (SELL) | $ 0.024414 (SELL) | – | – |
| MA10 | $ 0.024503 (SELL) | $ 0.024397 (SELL) | – | – |
| MA21 | $ 0.024951 (SELL) | $ 0.024619 (SELL) | $ 0.034560 (SELL) | $ 0.031749 (SELL) |
| MA50 | $ 0.025855 (SELL) | $ 0.026294 (SELL) | $ 0.038019 (SELL) | $ 0.048828 (SELL) |
| MA100 | $ 0.031469 (SELL) | $ 0.029725 (SELL) | $ 0.111642 (SELL) | $ 0.072562 (SELL) |
| MA200 | $ 0.035984 (SELL) | $ 0.036012 (SELL) | – | – |
| Period | Value | Action |
| RSI (14) | 49.81 | NEUTRAL |
| Stoch RSI (14) | 34.46 | NEUTRAL |
| Stochastic Fast (14) | 50.02 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 11.84 | NEUTRAL |
| Awesome Oscillator (5, 34) | 0.00 | NEUTRAL |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -49.98 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 43.15 | NEUTRAL |
| VWMA (10) | 0.02 | BUY |
| Hull Moving Average (9) | 0.02 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.02 | NEUTRAL |
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for GALA is at 49.81, suggesting that GALA is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of GALA over the last 50 days. Currently, GALA is trading above the SMA 50 trendline, which is a bullish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the GALA closing price for the last 200 days. GALA is now trading above the SMA 200, signaling that the market is currently bullish.
The bottom line about this GALA prediction
After considering the above factors, we can conclude that the current forecast for GALA price prediction is Bearish. GALA would have to increase by 8.97% to hit our $ 0.025975 target within the next five days. Moving forward, it will be important to monitor the GALA market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term GALA price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
Source: https://coincodex.com/article/29914/gala-prediction-july-12-2023/