Search results for: gala

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Gala has performed extremely well across the markets over the past week. It found some support around the $0.181-level and, in the past five days, has registered gains of close to a 100%. This isContinue reading “GALA could be forced to move in this direction going forward”

As the overall sentiment finally skewed away from the fear zone, Cardano rose above all its EMA ribbons. But it showed resistance at its three-month Point of Control. Further, although the near-term technical indicators of GALA and Filecoin affirmed the bullish vigor, they also hinted at slightly decreasing buying power on account of the overboughtContinue reading “Cardano, GALA, Filecoin Price Analysis: 08 February”

In the race to define the future of the metaverse, the playing field is already packed to the brim.  Established developers are rushing to cash in on short-term visions while their eager competition is snapping at their heels to make names for themselves. Their offerings hit familiar checkmarks: a place to project yourself online, gamesContinue reading “Galaxy of Options: Esports, physical training, retail shopping, and more in the Metaverse”

As Bitcoin re-entered the $37,000-zone, flipping the ‘extreme fear’ sentiment became a mammoth task for the bulls. Consequently, Cardano, Polkadot and GALA witnessed their RSIs fall below the midline while their near-term technicals flash a bearish edge. Cardano (ADA) The recent up-channel (yellow) breakdown from the $1.59-mark flipped the crucial $1.12-level from support to resistance.Continue reading “Cardano, Polkadot, GALA Price Analysis: 31 January”

After hitting its five-month low on 24 January, Solana saw a pullback from its immediate supply zone. Now, it flashed low volatility while eyeing at $83-mark for support. On the other hand, although Cosmos saw an over 8% 24-hour gain, it formed a bearish flag and pole. GALA too refrained from hopping off the bearishContinue reading “Solana, Cosmos, GALA Price Analysis: 25 January”

As Bitcoin struggled to cross its 4-hour 20-SMA, Cosmos, Chainlink, and Gala continued to flash bearish near-term technicals. After a huge spike in selling volumes, Chainlink had to defend the $15.16-zone to prevent a further breakdown. Cosmos and Gala’s RSI saw reversal patterns while their prices still swayed below the 20-50-200 SMA. Cosmos (ATOM) AfterContinue reading “Cosmos, Chainlink, GALA Price Analysis: 24 January”

XRP bounced back from its five-month support after its CMF formed a bullish divergence with price. Furthermore, GALA saw a reversal pattern on its 4-hour chart while flashing bearish near-term technical indications. On the other hand, NEAR slowed down but found strong support at the $16.4-mark. XRP In an attempt to recover the 61.8% FibonacciContinue reading “XRP, NEAR, Gala Price Analysis: 20 January”

Gala had held on to the $0.432 level of support all through December, even though it saw weaker and weaker bounces off the support level. Buyers finally capitulated in early January, and selling pressure intensified once more. The charts indicated a strong bearish outlook for Gala. It is not uncommon for altcoins to rally stronglyContinue reading “Gala offered a shorting opportunity on a recent bounce, but the downtrend…”

The crypto-market subjected itself to a major meltdown yesterday. The global crypto-market cap was down by more than 14%, while most large-cap coins ended up shedding 20%-30% of their respective values. Meta-coins were no exceptions. Even they collectively succumbed to the broader downtrend. However, at press time, most of the tokens from the aforementioned categoryContinue reading “Would the ‘contagious’ meta-trend aid GALA’s recovery”

People from the crypto-space have evidently been intrigued by the nuances associated with the metaverse. Despite the fanfare, a few from the community believe that the whole meta-notion seems to be blown out of proportion; it would eventually fade away with time. Well, the downtrend of tokens associated with meta protocols has only managed toContinue reading “DeFi v. Metaverse: UNI, dYdX may capitalize on MANA, SAND, GALA slowing down”

GALA coin was experiencing a massive rally following a down-channel which lasted between 16 September to 16 November. The Ethereum token, which is used as a medium of exchange between Gala games and its participants, has surged by over 340% since its breakout. However, a bearish divergence along the RSI exposed GALA to a near-termContinue reading “GALA set to correct after signalling bearish divergence on the RSI”

The year-to-date inflows are at a record high of US$8.9 billion as per CoinShares’ weekly fund flows until 5 November. The numbers have broken last year’s record of US$6.7 billion in inflows. Massive inflows The report also noted that this marks the twelfth consecutive week of positive flows in digital investment products totaling US$174b justContinue reading “Galaxy Digital exec compares crypto funds to ‘hedge-fund space in early 2000s’”