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Gala (GALA) Falls 0.1%, Underperforms the Crypto Market Wednesday

Wednesday, May 18, 2022 11:56 AM | InvestorsObserver Analysts
Gala (GALA) Falls 0.1%, Underperforms the Crypto Market Wednesday

Gala (GALA) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Wednesday, the crypto has declined 9.77% to $0.07871207867.

volatility - 53
InvestorsObserver is giving Gala a 53 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 53, placing it in the top 47% of cryptos on the market.

The Volatility Gauge analyzes meaning that one day won't make or break its rank. 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 in a favorable position going forward. With support near $0.0730449488468525 and resistance set at $0.081456386119878. This leaves Gala with room to run before facing selling pressures.

What is a Token?

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

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