GALA Token's TVL Surges 864% as Market Sentiment Improves
- Market Sentiment Recovery: As overall market risk appetite improves, Axie Infinity (AXS) surged over 50% in a single day and more than 124% in the past month, reigniting interest in gaming cryptocurrencies.
- TVL Surge: GALA's total value locked (TVL) jumped approximately 7.48% in the past 24 hours, with a remarkable 864% increase over the past week, indicating a significant influx of capital into the network and a restoration of user confidence.
- Technical Pattern Analysis: GALA's daily chart reveals a right-angled descending broadening pattern, often signaling a bullish reversal after prolonged consolidation, with current prices consolidating in the $0.0076-$0.0079 resistance zone, where a key breakout will determine future price action.
- Potential Upside: If GALA successfully breaks above the $0.0079 resistance and retests it effectively, it could open the door to a target near $0.00996, representing a potential upside of about 25%, laying the groundwork for a sustained bullish phase.
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Technical Analysis for GALA
Technical Sentiment Analysis for Gala (GALA) As of , Gala (GALA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GALA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, GALA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gala (GALA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00145 | 0.00243 | 0.00343 | 0.00441 | 0.00541 | 0.00639 | 0.00739 |
| Fibonacci | 0.00243 | 0.00318 | 0.00365 | 0.00441 | 0.00516 | 0.00563 | 0.00639 |
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