- Bullish GALA price prediction for 2023 is $0.02118 to $0.03534.
- Gala (GALA) price might reach $0.05 soon.
- Bearish GALA price prediction for 2023 is $0.00872.
In this Gala (GALA) price prediction 2023, 2024-2030, we will analyze the price patterns of GALA by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS
GALA (GALA) PRICE PREDICTION 2023
|GALA (GALA) PRICE PREDICTION 2024, 2025, 2026-2030|
Gala (GALA) Current Market Status
|Current Price||$0.01729||24 – Hour Price Change||3.91% Down|
|24 – Hour Trading Volume||$142,935,050|
|Circulating Supply||25,260,712,285 GALA||All – Time High||$0.8367 (On Nov 26, 2021)|
|All – Time Low||$0.000151 (On Dec 28, 2020)|
What is Gala (GALA)
|LAUNCHED ON||September 2021|
|UTILITIES||Governance, Fast Transactions, gas fees & rewards|
GALA, the native cryptocurrency of Gala Games, has emerged as a prominent digital asset at the intersection of blockchain and gaming. As the heart of the Gala Games ecosystem, GALA offers users a versatile utility token for in-game transactions, securing digital assets, and supporting game development.
Gala Games distinguishes itself by championing decentralization, providing players and developers greater autonomy and ownership in their gaming experiences through blockchain integration. GALA’s connection to the gaming industry and innovative use cases has drawn attention, with active trading on various cryptocurrency exchanges. Nonetheless, GALA’s value is subject to the volatile nature of the cryptocurrency market, necessitating careful research for potential investors.
Gala 24H Technicals
Gala (GALA) Price Prediction 2023
Gala (GALA) ranks 78th on CoinMarketCap in terms of its market capitalization. The overview of the Gala price prediction for 2023 is explained below with a daily time frame.
GALA/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Gala (GALA) laid out a descending channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of Gala (GALA) was recorded at $0.01729. If the pattern trend continues, then the price of GALA might reach the resistance levels of $0.02037, $0.02896, and $0.03704. If the trend reverses, then the price of GALA may fall to the support of $ 0.01308.
Gala (GALA) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Gala (GALA) in 2023.
GALA/USDT Resistance and Support Levels (Source: TradingView)
From the above chart, we can analyze and identify the following as resistance and support levels of Gala (GALA) for 2023.
|Resistance Level 1||$0.02118|
|Resistance Level 2||$0.03534|
|Support Level 1||$0.01317|
|Support Level 2||$0.00872|
GALA Resistance & Support Levels
Gala (GALA) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (GALA) are shown in the chart below.
GALA/USDT RVOL, MA, RSI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the current Gala (GALA) market in 2023.
|50-Day Moving Average (50MA)||Nature of the current trend by comparing the average price over 50 days||50 MA = $0.01431Price = $0.01798
|Relative Strength Index (RSI)||Magnitude of price change;Analyzing oversold & overbought conditions||71.53745
<30 = Oversold
50-70 = Neutral>70 = Overbought
|Relative Volume (RVOL)||Asset’s trading volume in relation to its recent average volumes||Below cutoff line||Weak volume|
Gala (GALA) Price Prediction 2023 — ADX, RVI
In the below chart, we analyze the strength and volatility of Gala (GALA) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
GALA/USDT ADX, RVI (Source: TradingView)
From the readings on the chart above, we can make the following inferences regarding the price momentum of Gala (GALA).
|Average Directional Index (ADX)||Strength of the trend momentum||25.22306||STrong Trend|
|Relative Volatility Index (RVI)||Volatility over a specific period||57.16
<50 = Low
Comparison of GALA with BTC, ETH
Let us now compare the price movements of Gala (GALA) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs GALA Price Comparison (Source: TradingView)
From the above chart, we can interpret that the price action of GALA is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of GALA also increases or decreases respectively.
Gala (GALA) Price Prediction 2024, 2025 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Gala (GALA) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
|Year||Bullish Price||Bearish Price|
|Gala (GALA) Price Prediction 2024||$0.08||$0.0085|
|Gala (GALA) Price Prediction 2025||$0.14||$0.0083|
|Gala (GALA) Price Prediction 2026||$0.31||$0.0081|
|Gala (GALA) Price Prediction 2027||$0.4||$0.0075|
|Gala (GALA) Price Prediction 2028||$0.47||$0.0071|
|Gala (GALA) Price Prediction 2029||$0.59||$0.0066|
|Gala (GALA) Price Prediction 2030||$0.65||$0.0059|
If Gala (GALA) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Gala (GALA) price prediction for 2023 is $0.03534. Comparatively, if unfavorable sentiment is triggered, the bearish Gala (GALA) price prediction for 2023 is $0.00872.
If the market momentum and investors’ sentiment positively elevates, then Gala (GALA) might hit $0.05. Furthermore, with future upgrades and advancements in the Gala ecosystem, GALA might surpass its current all-time high (ATH) of $0.8367. and mark its new ATH.
1. What is Gala (GALA)?
GALA, the native cryptocurrency of Gala Games, has emerged as a prominent digital asset at the intersection of blockchain and gaming.
2. Where can you purchase Gala (GALA)?
Gala (GALA) has been listed on many crypto exchanges which include Coinbase, Binance and UniSwap
3. Will Gala (GALA) reach a new ATH soon?
With the ongoing developments and upgrades within the Gala Platform, GALA has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Gala (GALA)?
On Nov 26, 2021, Gala (GALA) reached its new all-time high (ATH) of $0.8367.
5. What is the lowest price of Gala (GALA)?
According to CoinMarketCap, GALA hit its all-time low (ATL) of $0.000151, On Dec 28, 2020.
6. Will Gala (GALA) reach $0.05?
If Gala (GALA) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.05 soon.
7. What will be Gala (GALA) price by 2024?
Gala (GALA) price is expected to reach $0.08 by 2024.
8. What will be Gala (GALA) price by 2025?
Gala (GALA) price is expected to reach $0.14 by 2025.
9. What will be Gala (GALA) price by 2026?
Gala (GALA) price is expected to reach $0.31 by 2026.
10. What will be Gala (GALA) price by 2027?
Gala (GALA) price is expected to reach $0.4 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.