Gala (GALA) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Saturday: What's Next?

Saturday, December 04, 2021 12:26 PM | InvestorsObserver Analysts

Gala (GALA) gets a bearish rating from InvestorsObserver Saturday. The token is down 10.52% to $0.4606538789 while the broader crypto market is down 10.9%.

Gala has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on Gala!

See Full Report

Bearish

Over the last five days, Gala has earned a Bearish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Gala over the past five days by volume and price movement. The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Gala price is currently below support. With support set around $0.464336934363899 and resistance at $0.581299605643806, Gala is potentially in volatile territory as selling pushes the crypto's price below recent support. Gala has traded on low volume recently. This means that today's volume is below its average volume over the past seven days. Gala has maintained a low reading on the InvestorsObserver Volatility Rank as it has faced low volatility relative to the crypto market during the past 60 days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain. Due to a lack of data, this crypto may be less suitable for some investors. Click here to unlock the rest of the report on Gala