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Gala Price Analysis: GALA Coin Holds Above 200-EMA Solidly

  • The Gala coin price falls, around -3.4% during intraday.
  • The 24-hour trading volume is at $70.904 million.
  • GALA/BTC pair is trading negative by -1.4% at 0.00000144 BTC.

Gala coin daily technical chart and price trend show a downtrend. Based on the pivot point, the support zone is 0.08070 USDT. Another way to look at it is that if it rushes upside, the resistance level to watch is 0.1100 USDT. Therefore, the chart shows a bullish harami candlestick pattern during the day, and the cost is confident that it will remain upside with unwavering medium strength over a short period of time.

The Exponential Moving Average (EMA) band, consisting of several EMAs, strongly supports currency price fluctuations. Investors may find that cost struggles below the red band. This guarantees a fall in GALA until it is below the ribbon.

Trading volume (128.613 K) is below the 20-day moving average (785.174 K). The volume is low, so the cost is around the support points. Investors may also notice that the volume bar on the chart decreases. This indicates that unusual volatility is common on the following trading days.

The MACD indicator gives (bullish) cross over the signal line on October 13, demonstrating a buy signal in the coin. Additionally, Investors can see tiny green bars on the Histogram index.

Long-Term Perspective of Gala Coin Price Trend

The weekly technical chart and price trend of Gala coin show a bullish trend. Based on the pivot levels, the support zone is $0.07500 USDT. On the upside, if it breaks, the level of resistance to search is $0.2750. In addition, the chart shows the Heikin Ashi candles, which have tremendous upside potential in asset price movements.

Gala value today is $0.087844 with a 24-hour exchanging volume of $70,904,273. GALA cost is down – 3.4% as of now. It has a circling supply of 7.5 Billion GALA coins and an absolute inventory of 35.7 Billion. The MACD points to a selling signal, and the traders have prompted low volume. In fact, the cost moves around the support levels. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.

Resistance Level: $0.1100 & $0.2750

Support Level: $0.07500 & $0.08070 

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Nikhil Ingole: Mr, Nikhil Ingole is a Chief Editor at The Market periodical with over five years of technical analysis & trading experience in Forex and Crypto. As a commerce graduate, he has taken a keen interest in blockchain's future potentials in the financial industry. A keen cryptocurrency enthusiast, he is very supportive of new media projects, pioneer ideas and the Bitcoin community. He possesses strong technical, analytical skills and is well known for his financial market's informative analysis. Other than crypto, Nikhil Loves to watch his favorite football team and keep up to date with the latest Formula 1 racing.