GALA Crypto Price Forecast: What’s Next For GALA In 2024?
The charts for GALA crypto indicate a downward trend with selling pressure, as lower lows have been formed over the last few months. Trading volume has been below average due to declining investor interest. User activity for GALA has also decreased, leading to negative sentiment and bearishness on the chart. At the moment, the price of GALA crypto is $0.04598, experiencing a 1.62% intraday loss. The intraday trading volume is 168.01 million, and the market cap is $1.41 Billion.GALA crypto has not performed well over the years. While it has given good returns of 52.05% year-to-date and 162.73% in six months, it has given a negative return of -30.80% in the last month and -19.92% in the last seven days. The MACD line is currently at -0.00269990 while the signal line is at -0.00127415 and both are above the zero line. This indicates that the GALAUSD crypto price is experiencing more bearishness due to the bearish crossover in the MACD indicator. The current RSI value is 43.48 points, and the 14 SMA is below the median line at 41.51 points. This suggests that the GALAUSD crypto is currently in a bearish state. At the time of writing, the GALA crypto is trading below the 50 and 20-day EMAs (Exponential Moving Averages), which do not support the price trend.
On the weekly charts, the GALA price is taking support on the 50 EMA line if the price breaks the dynamic support it may test the lower levels. This indicates that the long bearish trend is still continuing.