GALA Price Prediction 2023: Is GALA Ready To Hit The $0.1?
- GALA games has partnered with the Huboi for the devlopment of web 3 projects
- Technical indicators of GALA are currently favoring an upside trend.It has seen a pump of 0.64% in BTC pair
GALA has gained a strong popularity among their users in the past few years. GALA aims to revolutionize the gaming industry using blockchain technology. It was created by industry leading game devlopers with the help of Web 3.GALA token is used as a means of exchange within the GALA Games ecosystem, allowing players to purchase in-game items, participate in competitions, and earn rewards. GALA has also simplified the onboarding of users on their platforms. They also work closely with opensea to facilitate their NFT collections. They have expanded their mission to encompass all web 3 entertainment. Huboi has recently tweeted about their partnership with the GALA games. Huboi collobration with the GALA games is expected to improve the underlying onchain technology. GALA is currently down by more than 95% from its all time high but can soon see a reversal in the future.
GALA has a market cap of $286 Million and is currently ranked 126th in the cryptoverse.Volume of the asset price has seen a decline of 8% in the intraday session.Volume to market cap ratio of GALA suggests a consolidated trend in price.
Is GALA Bulls Pushing For A New High
Source: TradingView
The weekly technical chart of GALA hints towards a weak consolidated move. The asset price is currently looking to push for a new high.On the daily chart it is trading near the value of $0.04 with a small drop in the intraday session. It has an ROI of 2729% which can see more growth in the future. Resistance of GALA can be seen near the value of $0.05.Meanwhile the support of the asset price can be seen near the value of $0.025.It is currently trading close to the 50 and 100 Daily Moving Average.There can be a golden crossover in the asset price which can push it to a new high.
RSI of GALA is near 50 with no slope in the line.The overall sentiment of the RSI is neutral for the near future.
Conclusion
GALA has recentlly partnered with the Huboi globals to advance the Web 3 projects and improve underlying onchain security. Various analysts are expecting a strong growth in GALA in near future.
Technical Levels
Major Support: $0.02
Major Resistance: $0.06
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
