- GALA crypto price has advanced by 29936% from its all-time low.
- For 43% of the time, the crypto was trading in green in the last 30 days.
Gala Games is a blockchain-based gaming platform founded by Eric Schiermeyer, co-founder of Zynga. It offers decentralized gaming experiences and is developing its own blockchain, GalaChain.
The GALA token, an ERC-20 token, fuels the ecosystem, facilitating transactions, rewarding players, and incentivizing developers. It’s not tied to project ownership or dividends.
The fear and greed index of the GALA crypto is at 67 indicating greed in the crypto. The sentiment of the crypto is further bullish and the volatility of the crypto is very high resulting in 16.07%.
The market cap dominance of the crypto is 0.06% which further results in a market cap value of $1.36 Billion. Furthermore, the market cap of the crypto has witnessed a decline of 3.77% in the last 24 hours. Also, the market cap ranking of the crypto is 62nd as per CoinMarketCap.
The trading volume for the CoinMarketCap crypto has witnessed a decline of 16.4% in the last 24 hours. This further has resulted in a traded value of $101.873 Million. Also, the volume/market cap ratio of the crypto is 7.43%.
The maximum supply of the crypto is 50.0 billion GALA following which the total supply of the crypto is 32.377 billion GALA. This further results in a circulating supply of 30.348 Billion. GALA. Also, the fully diluted market cap of the crypto is $1.46 Billion.
GALA Crypto Derivatives Analysis
The derivatives trading volume of the GALA crypto has declined by 18.4% in the last 24 hours which has resulted in a traded value of $204.26 Million. The open interest of the crypto further has declined by 5.06% which further results in a value of $66.36 Million.
The long/short ratio of the crypto further is 0.9646 and the long liquidation recorded for the crypto is $540.74K and the short liquidation recorded for the crypto further is worth $28.33K.
Social Dominance Vs X Followers For GALA Crypto
The total number of Twitter followers for the GALA crypto is just 1.3K which is very less as compared as compared to the other cryptos. Furthermore, the social dominance of the crypto has significantly declined over the last few days.
GALA Crypto Technical Analysis
The GALA crypto price has witnessed huge volatility in the price of the crypto which ended up in a huge decline in the price. The following behavior of the price further shows the dominance of sellers in the crypto.
Moreover, there is a strong dynamic support line at the lower levels. The price might continue to decline to lower levels and can further take support at the dynamic trendline.
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GALA/USD Chart by TradingView
The GALA crypto price is trading between the 50-day and the 200-day EMAs and the price has declined below the 20-day and the 50-day EMAs followed by a bearish crossover. If the price further breaks below the 200-day EMA, a strong downtrend might be witnessed in the upcoming days.
The MACD and the signal line are trading in a bearish cross and has declined below the zero level. The following metrics of the MACD are trading in the negative region reflecting seller dominance.
The RSI is also consistently losing its value and declining from the overbought zones. It further has slipped below the 14-day SMA which further shows weakness in the price of the crypto.
Summary
GALA crypto faces significant sell-off pressure, with a price decline following high volatility. Its technical analysis suggests a bearish trend, as the price hovers near dynamic support levels. The MACD and RSI indicate seller dominance, with a potential downtrend looming if it breaks below key EMAs.
Technical Levels:
- Support Levels: $0.0120 and $0.020
- Resistance Levels: $0.0530 and $0.0940
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
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