Gala (GALA) Rises 1.05%, Underperforms the Crypto Market Monday

Monday, October 03, 2022 11:12 AM | InvestorsObserver Analysts

Gala (GALA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Monday, the crypto has added 1.05% to $0.04012102601.

InvestorsObserver is giving Gala a 35 Volatility Rank. Find out what this means to you and get the rest of the rankings on Gala!

Moderately Volatile

InvestorsObserver gives Gala a moderate volatility rank of 35, placing it in the bottom 35% of cryptos on the market.

The Volatility Gauge takes into account this makes its score defined by recent trends, rather than a bad day. GALA's moderate volatility reading comes with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.

Gala price is trading near resistance. With support near $0.0391702613327831 and resistance near $0.0403966641519397. This leaves Gala with potential selling pressures ahead as it may be getting over extended.

What is a Token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

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