GALA Games is not one game, but a whole series of blockchain games, which they also plan to increase. Their philosophy is that in the first place in games should be entertainment, and then the blockchain (because it is a trend as it is). GALA cryptocurrency is one of the top NFT projects at the moment. That’s why we couldn’t skip it. Looking at the wave of growth, which buyers organized from November 11, any investor wants to join this trend. But is GALA cryptocurrency worth buying now? What is the GALAUSDT’s price range and where can the price correct? We’ll talk about that in our forecast.
GALA cryptocurrency – technical analysis on the daily timeframe
For almost a month the price of NFT cryptocurrency GALA has been consolidating in the narrow $0.7-0.12 range on the one hand and in the wide 80% range on the other hand.
And as a result of the consolidation – momentum upwards. In two weeks the GALA went up 1000% or as they say in people do x10. Just an awesome result and for sure this is not the end. We assume that the growth wave of the GALA cryptocurrency is not over yet. But if you look closely at the daily chart, you can see how the price started to slow down on high volumes. After the GALA price slowed down, sellers started an uncertain correction. On November 26, the price went down very weakly on low volumes. This fact shows investors’ faith in the cryptocurrency GALA and reluctance to sell even on hawks. But is there power left in buyers to push the price up? We expect another local growth wave in GALA with a target of $0.90-1. We should be very careful in this range, because there is a great chance of the beginning of a global market correction. Those who bought this asset at the current haul, the fate will give them a chance to sell it at $0.90-1, do not miss it.
GALA cryptocurrency’s critical point is the $0.6 mark
If you look carefully at the daily timeframe, you can find the first liquid zone near where the price of GALA stopped. It happened near the $0.6 range on November 20. If the buyers will not show interest around this level, the GALA market may start a long and prolonged correction. Of course, this requires a negative background in the cryptocurrency market. Below $0.60 a full-fledged correction with the aim of $0.35-0.37 may begin. Yes, on the one hand the price of GALA was rising during Bitcoin’s fall. But when the fall began seriously – even this NFT cryptocurrency didn’t resist. That’s why Bitcoin falling below $48000 may provoke collapse of GALA market with the first target – $0.6 and the final target – $0.35-0.37.
If you don’t like such speculation and you believe in GALA cryptocurrency and know how to wait, then most likely the next target from above is $2.20-2.50 for you. In any case we can help you to trade volatile cryptocurrency market and offer “Deposit Management via API” service”
The price of GALABTC holds very well.
Of course, if you look at GALABTC price movement chart, investors should be very positive. Two days of torment of sellers to arrange a correction in the price of GALABTC have ended unsuccessfully. Small trading volumes and sluggish candles were not able to change such a strong trend of buyers. The critical point, from which the rebound in GALA price is likely to happen, is a point 0.00001. At this point, it is possible to put the first buying zone of this cryptocurrency. But this is provided that the nature of the price drop does not change. Bitcoin’s enigma should be alarming. In any case, we are waiting for critical volumes in the Bitcoin market to compare which altcoins have survived. But we think NFT cryptocurrency GALA will be on that list.