Gala (GALA) Price Prediction 2023 — Will GALA Hit $0.08 Soon?
Bullish GALA price prediction for 2023 is $0.04946 to $0.16884.
GALA price will also reach $0.08 soon.
Bearish GALA price prediction for 2023 is $0.01542.
In Gala (GALA) price prediction 2023, 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
Current Price
$0.03880990
24 – Hour Trading Volume
$628,048,546
24 – Hour Price Change
5.2% down
Circulating Supply
7,542,496,572
All – Time High
$0.824837 (on November 26, 2021)
GALA Current Market Status
(Source: CoinGecko)
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 2023
Gala (GALA) holds the 104th position on CoinGecko right now. GALA price prediction 2023 is explained below with a daily time frame.
GALA/USDT Horizontal Channel Pattern (Source: TradingView)
The above chart of GALA laid out the Horizontal Channel pattern, also known as the sideways trend. In general, the horizontal channel is formed during price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
Currently, Gala (GALA) is at $0.0414. If the pattern continues, the price of GALA might reach the resistance level of $0.04946 and $0.16222. If the trend reverses, then the price of GALA may fall to $0.01561.
Gala (GALA) Support and Resistance Levels
The chart below shows the support and resistance levels of Gala (GALA).
GALA/USDT Support and Resistance Level (Source: TradingView)
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of Gala (GALA).
Resistance Level 1$0.04969Resistance Level 2$0.09552Resistance Level 3$0.16884Support Level 1$0.02861Support Level 2$0.01542GALA Resistance & Support Levels
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 $0.16884.
Accordingly, if the investors turn against the crypto, the price of the GALA might plummet to almost $0.01542, a bearish signal.
Gala (GALA) Price Prediction 2023 — 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.
GALA/USDT RVOL, MA, RSI (Source: TradingView)
Moreover, the Moving Average (MA) of Gala (GALA) is shown in the above chart. Notably, the GALA price lies above 50 MA (short-term), so it is completely in an upward trend. Currently, GALA is in a bullish 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 88.77. This means that GALA is in an overbought state. However, this gives confidence to the traders to trade without any fear.
Gala (GALA) Price Prediction 2023 — 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.
GALA/USDT ADX, RVI (Source: TradingView)
The above chart represents the ADX of Gala (GALA). Currently, GALA lies in the range of 58.00305, indicating a very strong 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 above 50, indicating high volatility. In fact, GALA’s RSI is at 88.77, thus confirming a potential buy signal.
Comparison of GALA with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Gala (GALA).
BTC Vs ETH Vs GALA Price Comparison (Source: TradingView)
From the above chart, we can interpret that 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 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price of Gala (GALA) between 2024 and 2030.
Gala (GALA) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Gala (GALA) might probably attain $0.3 by 2024.
Gala (GALA) Price Prediction 2025
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 $0.7 by 2025.
Gala (GALA) Price Prediction 2026
If Gala (GALA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 3 years, GALA will rally to hit $1.2.
Gala (GALA) Price Prediction 2027
If Gala (GALA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 4 years, GALA would rally to hit $2.3.
Gala (GALA) Price Prediction 2028
If Gala (GALA) sustains major resistance levels and continues to be recognized as a better investment option among investors for the next 5 years, GALA would rally to hit $3.5.
Gala (GALA) Price Prediction 2029
If Gala (GALA) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2029, GALA would hit $4.
Gala (GALA) Price Prediction 2030
If investors flock in and continue to place their bets on Gala (GALA), it would witness major spikes. GALA might hit $4.5 by 2030.
Conclusion
With continuous improvements in the Gala network, we can say that 2023 is a good year for GALA. For this reason, the bullish price prediction of Gala (GALA) in 2023 is $0.16222. On the other hand, the bearish price prediction of Gala (GALA) for 2023 is $0.01542.
Furthermore, with the advancements and upgrades in the Gala ecosystem, the performance of Gala (GALA) might hit $0.08 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 been listed on many crypto exchanges which include Binance, OKX, FMFW.io, Coinbase Exchange, and Gate.io.
With the ongoing developments and upgrades within the GALA platform, it has a high possibility of reaching its ATH soon.
On November 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 2023.
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 $0.08 soon.
Gala (GALA) price is expected to reach $0.3 by 2024.
Gala (GALA) price is expected to reach $0.7 by 2025.
Gala (GALA) price is expected to reach $1.2 by 2026.
Gala (GALA) price is expected to reach $2.3 by 2027.
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.
Filed under: Bitcoin - @ January 11, 2023 1:16 pm