- The Galaxe price is currently trading at $1.34 while observing an increase of 1.42% during the intraday session.
- In this year to date Session the GAL coin has recovered 29.59%, while one month return is 15.32%.
- The GAL coin price is trading between 200 and 20, 50, 100-day EMAs.
The Galaxe coin price has increased up to 1.42% during intraday trading session while the 24 hours volume has decreased up to 18.26 %, the price is currently trading at $1.34 level and gotten support from the $1.19 and halted under the consolidation range level $1.31.
After swiped down the liquidity at price level $1.00, since the start of this year till the beginning of September the GAL coin consolidated between the $1.30 to $1.07 level. In the end of sideways ranging the price just striked bullish impulsive move up to 62.23% at $1.80 price level and instantly got rejected on the daily timeframe candle.
The Galaxe coin showing more strength in the upward direction at the current trading session, probably it will continue to trend upward until it reaches the major resistance level at $1.82. But at the current level the price is holding below the previous support at $1.34 level.
On June 10 2023 the Coin price made its lows at $0.95 level, after that level sellers booked their profit and went away. Now they are looking for another opportunity, and that opportunity will probably be available near $2.00 level.
Galaxe Might Rally Toward The $2.8 Level
During the consolidation the GAL coin price forcefully broke out with a single bullish candle in a day timeframe and surged up to 62.71% but instantly got rejected. That surge signifies that there are too many buyers resting in that zone, they probably won’t let the price go down.
On the other hand, by the end of October 2023 the Galaxe coin price will probably strike the $1.82 level. But now it is more focused on sustaining in the demand zones that is why sellers are looking a bit cautious about selling.
Will GAL Break And Retest To The $1.38 Level?
The Galaxe coin price is trading above 20, 50 and 100-day EMA, and slightly below the 200-day EMA, indicating bullish momentum and price is trying to change its direction to uptrend, the MACD lines also averaging toward bullish volume side signifies that the bulls have more volume at current trading session.
The Relative strength index (RSI) shows strength toward the upper band currently averaging at 62.12 with the signal line at 57.11 both the lines indicating the coin price has made some bearish divergence.
Technical Levels
- Resistance Levels: $1.38 and $1.82
- Support Levels: $1.19 and $1.07
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment or any other type of advice. Investing in or trading crypto assets comes with the financial loss.
