What do the Short-Term Technicals Predict for Gala (GALA) Thursday?

Thursday, December 02, 2021 07:21 AM | InvestorsObserver Analysts

InvestorsObserver gives Gala a strong short-term technical score of 98 from its analysis. The proprietary scoring system considers the token's trading history over the past month to determine the strength of its short-term technicals. GALA has currently traded better than 98% of tokens based on these metrics. Investors focused on healthy recent trading patterns should find the short-term technical ranking system more relevant when making investment decisions.

InvestorsObserver is giving Gala a 98 Short-Term Technical Rank. Find out what this means to you and get the rest of the rankings on Gala!

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Trading Analysis

GALA is currently $0.51 (686.17%) above its 30-day low of $0.07 and -$0.25 (-29.98%) below its 30-day high of $0.84. Additionally, GALA is above its average price of $0.29 over the past month of trading with its current price of $0.59. Overall, the recent trading history of Gala suggest that traders are currently bullish on the token. GALA has a high market cap compared to the majority of tokens with a total market value of $4,087,455,461.47. Gala's market value is relatively high since the largest 100 cryptos have a market cap above $1 billion and GALA meets that criteria. Gala's average volume is high as $9,891,433,217.80 worth of the token is typically traded over a 24 hour period. The cryptos volume is relatively high due to the most traded 100 cryptos typically having $100 million worth of the crypto traded over a 24 hour period. Over the past 24 hours GALA's volume is below its average with $1,042,183,716.92 exchanged.

Summary

Gala's price movement over the past month has led to a a strong short-term technical score due to recent trading giving more bullish signals for traders on the token's short-term movement. Click Here to get the full Report on Gala (GALA).