Gala Price Prediction — Will GALA Hit $1 Soon?

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Gala Price Prediction — Will GALA Hit $1 Soon?
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  • Bullish GALA price prediction is $0.4 to $.876.
  • The GALA price will also reach $1 soon.
  • GALA bearish market price prediction for 2022 is $0.07.

In Gala’s (GALA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and much other information about GALA to analyze the future movement of the cryptocurrency. 

Gala Current Market Status

According to CoinGecko, the price of GALA is $0.358 with a 24-hour trading volume of $2,137,795,705 at the time of writing. However, GALA has increased nearly 9.6% in the last 24 hours.

Moreover, GALA has a circulating supply of 7,542,496,572 GALA. Currently, GALA trades in cryptocurrency exchanges such as Binance, OKX, Bitget, FTX, and Bybit.

What is Gala (GALA)?

Gala Games aims to take the gaming industry in a different direction, allowing players to regain control of their games. The purpose of gala games is to create “blockchain games that you really want to play”. This program wants to change the fact that players can spend hundreds of dollars on assets in the game, and countless hours of playing the game that can be taken away from them with the click of a button.

Gala (GALA) Price Prediction 2022

Gala holds the 54th position on CoinGecko right now. GALA price prediction 2022 explained below with a daily time frame.

GALA/USDT Descending Channel Pattern (Source: Tradingview)

A descending channel is a chart pattern formed from two downward trendlines drawn above and below a price representing resistance and support levels. The descending channel pattern is also known as a falling channel or channel down. The upper line is identified first, as running along with the highs and is called the trendline. 

The lower line is identified as parallel to the trendline, running across the bottom. It is a bearish chart pattern defined by trendline support the series of lower lows and a diagonal resistance level connecting the lower highs.

Currently, GALA is in the range of $0.35. If the pattern continues, the price of GALA might reach the resistance level of $0.547 and $0.876. If the trend reverses, then the price of GALA may fall to $0.166.

Gala (GALA) Support and Resistance Level

The below chart shows the support and resistance level of GALA.

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GALA/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of GALA.

  • Resistance Level 1 – $0.292
  • Resistance Level 2 – $0.407
  • Resistance Level 3 – $0.556
  • Resistance Level 4 – $0.841
  • Support Level 1 – $0.176
  • Support Level 2 – $0.118
  • Support Level 3 – $0.077

The charts show that GALA has performed a bullish trend over the past month. If this trend continues, GALA might run along with the bulls overtaking its resistance level at $0.841.

Accordingly, if the investors turn against the crypto, the price of the GALA might plummet to almost $0.077, a bearish signal.

Gala Price Prediction 2022 — RVOL, MA, and RSI

The Relative Volume (RVOL) of GALA shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of GALA lies below the cutoff line, indicating weaker participants in the current trend.

More so, the GALA’s Moving Average (MA) shown in the chart above. Currently, GALA is in a bullish state. Notably, the GALA price lies above 50 MA (short-term), so it is completely in an upward trend. Therefore, there is a possibility of a reversal trend of GALA at any time.

Meanwhile, the relative strength index (RSI) of the GALA is at level 65.32. This means that GALA is in a nearly overbought state. However, this means a major price reversal of GALA may occur in the upcoming days.

Gala Price Prediction 2022 — ADX, RVI

Let us now look at Gala’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Gala. Currently, GALA lies in the range of 35.54, so it indicates a strong trend. 

From the above chart, the Relative Volatility Index (RVI) of GALA. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of GALA lies above the 50 levels, indicating that the direction of volatility is high. In fact, GALA’s RSI is at 65.32 level thus confirming a potential buy signal.

Comparison of GALA with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Gala.

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BTC Vs ETH Vs GALA Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and GALA is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and GALA also increases or decreases respectively.

Conclusion

With continuous improvements in the Gala network, we can say that 2022 is a good year for GALA. For this reason, the bullish price prediction of Gala in 2022 is $0.876. On the other hand,  the bearish GALA price prediction for 2022 is $0.07.

Furthermore, with the advancements and upgrades on the GALA ecosystem, the performance of GALA would help to reach above its current all-time high (ATH) $0.55 very soon. But, it might also reach $1 if the investors believe that GALA is a good investment in 2022.

FAQ

1. What is Gala?

The GALA token is the digital utility token for the Gala Games ecosystem. It is secured and owned by the Gala Games ecosystem.

2. Where can you purchase GALA?

GALA has listed on many crypto exchanges which include Binance, OKX, Bitget, FTX, and Bybit.

3. Will GALA reach a new ATH soon?

With the ongoing developments and upgrades within the GALA platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Gala?

On Nov 26, 2021, GALA reached its new all-time high (ATH) of $0.824.

5. Is GALA a good investment in 2022?

Gala (GALA) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of GALA in the past few months, GALA is considered a good investment in 2022.

6. Can Gala (GALA) reach $1?

Gala (GALA) is one of the active cryptos that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Gala (GALA) will hit $1 soon.

7. What will be the GALA price by 2023?

Gala (GALA) price is expected to reach $2.2 by 2023.

8. What will be the GALA price by 2024?

Gala (GALA) price is expected to reach $3.5 by 2024.

9. What will be the GALA price by 2025?

Gala (GALA) price is expected to reach $4.3 by 2025.

10. What will be the GALA price by 2026?

Gala (GALA) price is expected to reach $5 by 2026.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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