GALA Market Capitalization Declined by 2.40% in the Past Day, Which Was $692 Million.

The crypto ranked 86th on CoinMarketCap in terms of market cap, while GALA price continued to struggle.

GALA’s price performance showed promising signs of recovery on the daily chart after losing critical support, displaying a liquidity grab on August 5, 2024, at a dual support zone. This zone aligned with the historical demand zone and the lower border of the dynamic wedge.

However, the 50-day EMA remained a significant obstacle that could hinder further gains, potentially increasing downward pressure. The MACD remained bearish with a slight bullish cross, with the MACD line at 0.000130 and the histogram at 0.000665.

The RSI showed recovery from oversold conditions, indicating possible opportunities for a rebound. Key support levels for GALA were at $0.012533 and $0.016055, while resistance levels were at $0.026864 and $0.038141.

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