Gala (GALA) Price Prediction 2022 — Will GALA Hit $0.1 Soon?
- Bullish GALA price prediction for 2022 is $0.07040 to $0.27509.
- The GALA price will also reach $0.1 soon.
- Bearish GALA price prediction for 2022 is $0.03180.
In Gala (GALA) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about GALA to analyze the future movement of the cryptocurrency.
Gala (GALA) Current Market Status
According to CoinGecko, the price of Gala (GALA) is $1.60 with a 24-hour trading volume of $681,389,498 at the time of writing. However, GALA has increased to 9.5% in the last 24 hours.
Moreover, Gala (GALA) has a circulating supply of 7,542,496,572 GALA. Currently, GALA trades in cryptocurrency exchanges such as Binance, OKX, FMFW.io, Coinbase Exchange, Gate.io.
What is Gala (GALA)?
Gala (GALA) is a utility token built on the Ethereum blockchain, which is compatible with the Gala Games ecosystem. The GALA token is launched on 18 september 2020. In addition to serving as the governance token, GALA is utilized to purchase in-game products, improvements, and other assets.
Gala (GALA) Price Prediction 2022
Gala (GALA) holds the 140th position on CoinGecko right now. GALA price prediction 2022 is explained below with a daily time frame.
The above chart of Gala (GALA) laid out the Descending Channel pattern. Descending Channel pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market.
Currently, Gala (GALA) is at $0.03931. If the pattern continues, the price of GALA might reach the resistance level of $0.04931and $0.07175. If the trend reverses, then the price of GALA may fall to $0.02778.
Gala (GALA) Support and Resistance Levels
The chart below shows the support and resistance levels of Gala (GALA).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Gala (GALA).
| Resistance Level 1 | $0.07040 |
| Resistance Level 2 | $0.10704 |
| Resistance Level 3 | $0.16620 |
| Resistance Level 4 | $0.27509 |
| Support Level | $0.03180 |
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 $0.27509.
Accordingly, if the investors turn against the crypto, the price of the GALA might plummet to almost $0.03180, a bearish signal.
Gala (GALA) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Gala (GALA) is 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 weak participants in the current trend.
Moreover, the Moving Average (MA) of Gala (GALA) is shown in the above chart. Notably, the GALA price lies down 50 MA (short-term), so it is completely in a downtrend trend. Currently, GALA is in a bearish state. There is a possibility of a reversal trend of GALA at any time.
Meanwhile, the relative strength index (RSI) of the GALA is at a level of 52.80. This means that GALA is nearly an overbought state. However, this gives confidence to the traders to trade without any fear.
Gala (GALA) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Gala (GALA). 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 (GALA). Currently, GALA lies in the range of 23.79303, indicating a weak trend.
From the above chart, the Relative Volatility Index (RVI) of Gala (GALA). RVI measures the constant deviation of price changes over a period of time. The RVI of GALA lies below 50, indicating low volatility. In fact, GALA’s RSI is at 52.80, thus confirming a potential sell signal.
Comparison of GALA with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Gala (GALA).
From the above chart, we can interpret ETH, BTC, and GALA are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and GALA also increase or decrease respectively.
Gala (GALA) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Gala (GALA) might probably attain $0.5 by 2023.
Gala (GALA) Price Prediction 2024
With several upgrades in the network, Gala (GALA) might enter a bullish trajectory. If the coin grabs the attention of major investors, GALA might rally to hit $1 by 2024.
Gala (GALA) Price Prediction 2025
If Gala (GALA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, GALA would rally to hit $2.5
Gala (GALA) Price Prediction 2026
If Gala (GALA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, GALA would rally to hit $3.
Gala (GALA) Price Prediction 2027
If Gala (GALA) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, GALA would rally to hit $4.5.
Gala (GALA) Price Prediction 2028
If Gala (GALA) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, GALA would hit $6 in 2028.
Gala (GALA) Price Prediction 2029
If investors flock in and continue to place their bets on Gala (GALA), it would witness major spikes. GALA might hit $7.5 by 2029.
Gala (GALA) Price Prediction 2030
With greater advancements in the Gala ecosystem, the crypto community might continue to invest in GALA for the next 8 years and drive significant price rallies for the token. Hence, Gala (GALA) might hit $10 by 2030.
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 (GALA) in 2022 is $0.27509. On the other hand, the bearish price prediction of Gala (GALA) for 2022 is $0.03180.
Furthermore, with the advancements and upgrades in the Gala ecosystem, the performance of Gala (GALA) might hit $0.1 gaining investors’ attention. It would also rise above its all-time high (ATH) of $0.824837 in the near future.
FAQ
The GALA token is the digital utility token for the Gala Games ecosystem. It is secured and owned by the Gala Games ecosystem.
GALA has listed on many crypto exchanges which include Binance, OKX, FMFW.io, Coinbase Exchange, Gate.io.
With the ongoing developments and upgrades within the GALA platform, it has a high possibility of reaching its ATH soon.
On Nov 26, 2021, GALA reached its new all-time high (ATH) of $0.824.
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.
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 $0.1 soon.
Gala (GALA) price is expected to reach $0.5 by 2023.
Gala (GALA) price is expected to reach $1 by 2024.
Gala (GALA) price is expected to reach $2.5 by 2025.
Gala (GALA) price is expected to reach $3 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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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
