- GALA coin price is currently in a strong consolidation phase. The asset price is currently trading near $0.071 with gain of more than 1.5% in the intraday session
- Technical indicators of GALA are currently favoring the consolidation in price.Meanwhile, GALA/BTC pair is also looking to achieve a new high in the future.
Gala Games mission is to make “blockchain games you’ll actually want to play.” The project aims to change the fact that players can spend hundreds of dollars on game assets, and countless hours spent playing the game, which could be taken away from them with the click of a button. It plans to reintroduce creative thinking into games by giving players control of the games and in-game assets with the help of blockchain technology. GALA has an ROI of more than 4660.85%. It is currently up by more than 45000% from its all time low.
Gala Games is currently ranked 86th in the CMC and has a market cap of more than $478,682,550 . The volume of the GALA has seen a pump of 15% in the intraday session. Meanwhile the volume to market cap ratio of the asset suggests an upside momentum for the future.
Are Technical Indicators Favoring The GALA?
The weekly technical chart of the GALA suggests a consolidated trend in price for the future. Coming to the daily chart, the asset price is trading near the value of $0.06735. The asset price is currently trading below its 100 and 200 Daily Moving Average. As per the fibonacci retracement the coin price is currently near the 0.78fib. The upside momentum of GALA can see a threshold near the value of $0.1. Meanwhile the bounceback in price can be seen near $0.045.
RSI: RSI of the GALA is currently near 58 highlighting its presence in the oversold zone. There is a negative slope formed in RSI which hints towards a downside trend. The overall sentiment of the RSI is neutral.
Conclusion
GALA games has remained one of the most talked crypto project in the crypto verse. The asset price may see a strong momentum in price in the future. One should do their due diligence before investing.
Technical Levels
Major Support:$0.05-$0.052
Major Resistance:$0.1-$0.125
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.