GALA is Trading -23.91% Below Our Price Prediction for May 01, 2024

Table of Contents

• GALA price is expected to rise by 30.12% in the next 5 days according to our GALA price prediction
• GALA Price Prediction Chart
• What has been going on with GALA in the last 30 days
• GALA technical analysis for today - Apr 27, 2024
• Neutral sentiment for GALA
• Crypto market is currently experiencing Greed
• GALA moving averages & oscillators
• The bottom line about this GALA prediction

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 -3.56% today against the US Dollar
• GALA/BTC decreased by -2.47% today
• GALA/ETH decreased by -2.86% today
• GALA is currently trading 23.91% below our prediction on May 01, 2024
• GALA dropped -29.85% in the last month and is up 17.02% since 1 year ago

GALA price is expected to rise by 30.12% in the next 5 days according to our GALA price prediction

GALA price today is trading at $ 0.046139 after losing -3.56% in the last 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -1.21% in the same time period. GALA performed poorly against BTC today and recorded a -2.47% loss against the world’s largest cryptocurrency.

According to our GALA price prediction, GALA is expected to reach a price of $ 0.060636 by May 01, 2024. This would represent a 30.12% 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 negative trend recently, as the coin lost -29.85% in the last 30-days. The medium-term trend for GALA has been bullish, with GALA increasing by 98.18% in the last 3 months. The long-term picture for GALA has been positive, as GALA is currently displaying a 17.02% 1-year price change. On this day last year, GALA was trading at $ 0.039428.

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 $ 0.085130, while the cycle low is at $ 0.012550. GALA has been displaying high volatility recently – the 1-month volatility of the coin is at 16.24. GALA recorded 13 green days in the last 30 days.

GALA technical analysis for today - Apr 27, 2024

The sentiment in the GALA markets is currently Neutral, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 0.045831, $ 0.044040 and $ 0.042697, while $ 0.048965, $ 0.050309 and $ 0.052100 are the key resistance levels.

Neutral sentiment for GALA

15 indicators are currently signaling a bullish prediction for GALA, while 11 indicators are showing a bearish forecast. With 58% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for GALA.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 70 (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.

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 46.45, 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 below the SMA 200, signaling that the market is currently bearish.

The bottom line about this GALA prediction

After considering the above factors, we can conclude that the current forecast for GALA price prediction is Neutral. GALA would have to increase by 30.12% to hit our $ 0.060636 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.