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Project Galaxy (GAL) Down 0.03% Tuesday: What's Next?

Tuesday, May 24, 2022 04:24 PM | InvestorsObserver Analysts
Project Galaxy (GAL) Down 0.03% Tuesday: What's Next?

Project Galaxy (GAL) has been relatively more volatile than the crypto market according to a recent analysis of the market. So far Tuesday, the crypto has lost 2.65% to $5.81.

volatility - 90
InvestorsObserver is giving Project Galaxy a 90 Volatility Rank. Find out what this means to you and get the rest of the rankings on Project Galaxy!

Highly Volatile

InvestorsObserver gives Project Galaxy a high volatility rank of 90, placing it in the top 10% of cryptos on the market.

The Volatility Gauge takes into account meaning that one day won't make or break its rank. GAL's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the token has relatively wide price swings and is well protected from price manipulation.

Project Galaxy price is in a good position going forward. With support around $5.24 and resistance at $6.58. This leaves Project Galaxy 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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