Galxe (GAL) Price Prediction 2022 – Will GAL Hit $5 Soon?
- Bullish GAL price prediction for 2022 is $2.360 to $4.271.
- The GAL price will also reach $5 soon.
- Bearish GAL price prediction for 2022 is $1.926.
In Galxe (GAL) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about GAL to analyze the future movement of the cryptocurrency.
Galxe (GAL) Current Market Status
According to CoinGecko, the price of Galxe (GAL) is $2.42 with a 24-hour trading volume of $981,210,027 at the time of writing. However, GAL has increased to 14.9% in the last 24 hours.
Moreover, Galxe (GAL) has a circulating supply of 36,691,675 GAL. Currently, GAL trades in cryptocurrency exchanges such as Binance, Huobi Global, Coinbase Exchange, KuCoin and Gate.io.
What is Galxe (GAL)?
GAL is the native token of the Galxe Network. Galxe is the Web3 credential data network and was introduced on April 28, 2022. GAL is used for voting & governance in Galxe DAO. GAL token holders have the ability to control the amount of the protocol’s platform fee as well as funds held by the Galxe Community Treasury.
Galxe (GAL) Price Prediction 2022
Galxe (GAL) holds the 274th position on CoinGecko right now. GAL price prediction 2022 is explained below with a daily time frame.
The above chart of Galxe (GAL) 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, Galxe (GAL) is at $2.180. If the pattern continues, the price of GAL might reach the resistance level of $2.358, $ 2.658, and $2.969. If the trend reverses, then the price of GAL may fall to $1.936.
Galxe (GAL) Support and Resistance Levels
The chart below shows the support and resistance levels of Galxe (GAL).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Galxe (GAL).
| Resistance Level 1 | $2.360 |
| Resistance Level 2 | $2.884 |
| Resistance Level 3 | $3.417 |
| Resistance Level 5 | $4.271 |
| Support Level | $1.926 |
The charts show that GAL has performed a bullish trend over the past month. If this trend continues, GAL might run along with the bulls overtaking its resistance level at $4.271.
Accordingly, if the investors turn against the crypto, the price of the GAL might plummet to almost $1.926, a bearish signal.
Galxe (GAL) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Galxe (GAL) 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 GAL lies below the cutoff line, indicating weak participants in the current trend.
Moreover, the Moving Average (MA) of Galxe (GAL) is shown in the above chart. Notably, the GAL price lies below 50 MA (short-term), so it is completely in a downtrend trend. Currently, GAL is in a bearish state. There is a possibility of a reversal trend of GAL at any time.
Meanwhile, the relative strength index (RSI) of the GAL is at a level of 47.79. This means that GAL is nearly an oversold state. However, this gives confidence to the traders to trade without any fear.
Galxe (GAL) Price Prediction 2022 — ADX, RVI
Let us now look Average Directional Index (ADX) of Galxe (GAL). 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 Galxe (GAL). Currently, GAL lies in the range of 25.835, indicating a strong trend.
From the above chart, the Relative Volatility Index (RVI) of Galxe (GAL). RVI measures the constant deviation of price changes over a period of time. The RVI of GAL lies below 50, indicating low volatility. In fact, GAL’s RSI is at 47.79, thus confirming a potential buysignal.
Comparison of GAL with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Galxe (GAL).
From the above chart, we can interpret ETH, BTC, and GAL are moving in a similar trend. This indicates that when the price of BTC increases or decreases, the price of ETH and GAL also increase or decrease respectively.
Galxe (GAL) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Galxe (GAL) might probably attain $7 by 2023.
Galxe (GAL) Price Prediction 2024
With several upgrades in the network, Galxe (GAL) might enter a bullish trajectory. If the coin grabs the attention of major investors, GAL might rally to hit $9 by 2024.
Galxe (GAL) Price Prediction 2025
If Galxe (GAL) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, GAL will rally to hit $11.
Galxe (GAL) Price Prediction 2026
If Galxe (GAL) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, GAL would rally to hit $13.
Galxe (GAL) Price Prediction 2027
If Galxe (GAL) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, GAL would rally to hit $15.
Galxe (GAL) Price Prediction 2028
If Galxe (GAL) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, GAL would hit $17.
Galxe (GAL) Price Prediction 2029
If investors flock in and continue to place their bets on Galxe (GAL), it would witness major spikes. GAL might hit $19 by 2029.
Galxe (GAL) Price Prediction 2030
With greater advancements in the Galxe ecosystem, the crypto community might continue to invest in Galxe (GAL) for the next 8 years and drive significant price rallies for the token. Hence, Galxe (GAL) might hit $21 by 2030.
Conclusion
With continuous improvements in the Galxe network, we can say that 2022 is a good year for GAL. For this reason, the bullish price prediction of Galxe (GAL) in 2022 is $4.271. On the other hand, the bearish price prediction of Galxe (GAL) for 2022 is $1.926.
Furthermore, with the advancements and upgrades in the Galxe ecosystem, the performance of Galxe (GAL) might hit $5 gaining investors’ attention. It would also rise above its all-time high (ATH) of $18.32 in the near future.
FAQ
GAL is the native token of the Galxe Network. Galxe is a Web3 credential data network that debuted on April 28, 2022. GAL is used for voting & governance in Galxe DAO.
Galxe (GAL) has been listed on many crypto exchanges which include Binance, Huobi Global, Coinbase Exchange, KuCoin and Gate.io.
With the ongoing developments and upgrades within the Galxe platform, Galxe (GAL) has a high possibility of reaching its ATH soon.
On May 06, 2022, GAL reached its new all-time high (ATH) of $18.32.
Galxe (GAL) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Galxe in the past few months, GAL is considered a good investment in 2022.
Galxe (GAL) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues, Galxe (GAL) will hit $5 soon.
Galxe (GAL) price is expected to reach $7 by 2023.
Galxe (GAL) price is expected to reach $by 9 2024.
Galxe (GAL) price is expected to reach $11 by 2025.
Galxe (GAL) price is expected to reach $13 by 2026.
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.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
