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Cryptocurrency News Articles

The Gala price prediction remains in a prolonged downtrend within a descending channel

Apr 21, 2025 at 03:57 am

The Gala price prediction remains in a prolonged downtrend within a descending channel, showing early signs of a potential breakout as it tests short-term

The Gala price prediction remains in a prolonged downtrend within a descending channel

The Gala price prediction remains in a prolonged downtrend within a descending channel, showing early signs of a potential breakout as it tests short-term moving averages.

Gala Price Prediction: Getting in early on a crypto project can be a game-changer, and GALA is a perfect example of that. Since hitting its all-time low of just $0.000151 on December 28, 2020, GALA has surged by an incredible +10,176.47%, showing the kind of explosive growth early adopters dream of. While the token is currently trading between $0.01477 and $0.01583, far below its all-time high of $0.8367 reached in November 2021, the gains from its lowest point still highlight the massive upside potential for those who recognize promising projects early.

GALA/USD Chart

Key Levels:

Resistance levels: $0.025, $0.027, $0.029

Support levels: $0.007, $0.005, $0.003

As the daily chart for GALA/USD reveals, the market has been confined within a descending channel since the beginning of 2025, indicating a persistent bearish trend. The price action remains below both the 9-day and 21-day simple moving averages (SMA), despite a recent attempt to move above the 9-day SMA at $0.0144. If GALA manages to sustain momentum above this short-term moving average and manages to challenge the 21-day SMA at $0.0144, there might be a chance for a bullish breakout towards the upper boundary of the channel. The first major resistance to watch is around $0.025, which coincides with a previous consolidation zone.

The broader structure, however, still suggests caution, especially since the price is operating close to the lower levels of the channel, and the overarching descending pattern remains valid. If the bullish momentum fails to build, the bears might return, pushing the market lower. Key support levels to keep an eye on are $0.010 and $0.008, which will be crucial in preventing further downside extension. A breakdown below the $0.010 psychological support could heighten selling pressure and push GALA deeper into bearish territory around $0.007, $0.005, and $0.003, potentially returning to the lower boundary of the channel.

Gala Crypto Price Prediction: GALI Bearish Pressure Still Dominant

The recent price action shows that the bulls are struggling to gain momentum, as the market is now testing the 9-day SMA, which is currently at $0.0144. A successful move above this SMA could invite more buyers into the market, especially if the 21-day SMA, which is trading at $0.0148, also gets breached.

On the other hand, if the bears manage to push the price below the 9-day SMA and the $0.0140 level, it could open the door for further declines towards the next support zone, comprised of the 50-day SMA and the Fib support level, both around $0.008.

Ultimately, the trend remains bearish until a firm breakout above the channel and the $0.0250 resistance is confirmed. Traders should also keep an eye on the 9-day and 21-day SMAs for potential crossover signals, as a successful move above both could spark a medium-term reversal. For now, the major resistance levels to beat for bulls are $0.025, $0.027, and $0.029.

GALA/BTC Price Testing Key Moving Averages

The GALA/BTC price is showing early signs of a potential trend reversal after an extended period of decline within a descending channel.

As seen in the daily chart, the market recently approached the lower boundary of the channel before bouncing back with modest bullish momentum. The price has now moved above both the 9-day and 21-day moving averages, each sitting at 17 SAT, suggesting that buyers are beginning to gain control. If this upward pressure holds, the market could test the upper boundary of the channel. A confirmed breakout above this resistance zone could pave the way for GALA/BTC to retest the key resistance level at 25 SAT.

However, it’s important to note that this movement is still fragile. If bulls fail to sustain momentum, the price may face rejection near the upper trendline and retrace toward the lower support around 11 SAT. The narrowing gap between the moving averages, both now converging around the same level, reflects indecision in the market

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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