GALA Has Been Under Low-active Falling Settings

Gala (GALA) Price Prediction – June 7
The trending outlook of the GALA/USD trade operation has been under low-falling settings. The market’s all-time high is at $0.8367 precisely, and the all-time low value stands at $0.00015, making the return on investment seen at about 5,324.18%. Presently, the price trades around $0.079 at a negative percentage rate of 10.42.

GALA Price Statistics:
GALA price now – $0.079
GALA market cap -$550 million
GALA circulating supply – 7 billion
GALA total supply – 35.2 million
Coinmarketcap ranking – #79

GALA/USD Market
Key Levels:
Resistance levels: $0.20, $0.30, $0.40
Support levels: $0.05, $0.025, $0.0225

GALA/USD – Daily Chart
The daily chart reveals the GALA/USD market has been under low-active falling settings over the long term. There has been no wide space between the bearish channel trend lines drawn. The 50-day SMA indicator is above the 14-day SMA indicator. The smaller SMA is positioned southward closely beneath the upper bearish trend line. The stochastic Oscillators are around the 80 range, seemingly trying to close the lines. That situational reading suggests a pause tends to materialize as it has been.

Is the current force weighed to favor more downs in the GALA/USD price?

Currently, forces may favor more downs in the GALA/USD market as the price has been under low-active falling settings. The situation has been positively responsive to a declining move, aligning with the reading of overbought conditions usually portended by the Stochastic Oscillators in or around the overbought region, when the price may have pushed to a high-resistant point. Long-position placers may have a brighter chance of coming back from around the $0.05 support level.

On the downside of the technical analysis, the price has been around the smaller SMA trend line in the bid to push for recovery. The Stochastic Oscillators are around the 80 range to portend the crypto market going down against the US Dollar from that capacity. A light spike against the 14-day SMA could signal a decent sell entry to the GALA/USD market sellers.

GALA/BTC Price Analysis

In comparison, GALA’s trending catalyst has been outpaced by the trending capacity of BTC in the last couple of months back until the present. The cryptocurrency pair price has been under low-active falling settings. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are around the range of 80. Yet, the trading viewing point suggests the base crypto may go under, pairing with the counter crypto in the following operations.

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