Gala (GALA) Price Prediction 2024-2030: Will GALA Price Hit $0.15 Soon?

• Bullish Gala (GALA) price prediction ranges from $0.05 to $0.17.
• Analysis suggests that the Gala price might reach above $0.15.
• The Gala bearish market price prediction for 2024 is $0.0176.

Apart from Bitcoin (BTC) and Ethereum (ETH), there are other digital currencies worth considering for people looking to diversify their portfolios and gain experience with new cryptocurrencies. Gala (GALA) is one of them.

The Gala Games ecosystem’s digital utility token is the GALA token. The Gala Games token is cryptographically secure and is local to the Gala Games ecosystem. GALA can be exchanged between users peer-to-peer, and they have complete freedom over how they use it. As a result, the GALA token powers the Gala Games ecosystem.

If you are interested in the future of GALA and want to know its predicted value for 2024, 2025, and 2030 – keep reading!

What is Gala (GALA)?

Gala is a utility token for Gala Web 3 blockchain games. The leading developers saw a bottleneck where passionate gamers had to spend to continue enjoying the game. Gala created a huge platform with AAA-level games (many free-to-play) designed to give players more freedom, control, and rewards than ever.

The GALA token could be used to buy NFT and it is also given as a reward to the node operators who run the Founder’s Node. GALA is the Gas token used to cover network fees on Gala’s blockchain.

In 2022, GALA expanded its scope and moved into Web3 entertainment —film and music. Gala MUSIC (‘MUSIC’) is a free platform for listeners. By streaming, account holders can receive, earn, and win perks such as tracks, concert passes, branded merchandise, artist access (meet and greets, video messages, VIP tickets, etc), memorabilia, and branded items, as well as other entertainment-related content, collectibles and experiences.

Gala (GALA) Current Market Status

The maximum supply of Gala (GALA) is infinite, while its circulating supply is 27,799,861,148 GALA, according to CoinMarketCap. At the time of writing, Gala is trading at $0.0386 representing 24 hours increase of 36.4%. The trading volume of Gala in the past 24 hours is $485,601,323 which represents a 96.10% increase.

Some top cryptocurrency exchanges for trading Gala are Coinbase, Binance and UniSwap. 

Now that you know Gala and its current market status, we shall discuss the price analysis of  Gala (GALA) for 2024.

Gala (GALA) Price Analysis 2024

Will the Gala blockchain’s most recent improvements, additions, and modifications help its price rise? Moreover, will the changes in the payment and crypto industry affect GALA’s sentiment over time? Read more to find out about Gala’s 2024 price analysis.

Gala (GALA) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time).

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility.

The red highlighted sections in the above chart show two instances where the Bollinger bands expand and contract. The green rectangle highlights GALA moving diagonally while testing the upper band. During this phase, most of GALA’s activity was in the upper half of the Bollinger band and this shows that GALA was bullish. 

Once again, GALA is hugging the upper band, and this time its rise seems to be exponential. The developing red candlestick at the end of the chart could be the start of a correction. Hence, traders may need to take precautions.  

The Bollinger band trend indicator used in the chart turns red when GALA is on a downtrend and green when it’s on an uptrend. At press time, GALA is gaining value making higher lows and higher highs. The Bollinger bandwidth percentile shows a value of 98%. This shows that volatility is at its highest. When volatility is high, this could mean that there is either excessive buying or selling pressure. In this case, it’s the buying pressure that causes more volatility.  However, the current market will settle once it finds a new equilibrium at a new price. 

Gala (GALA) Price Analysis – Relative Strength Index 

The Relative Strength Index is an indicator that is used to measure whether the price of a cryptocurrency is over or undervalued. For this purpose, it has two extreme regions known as the overbought and oversold regions. 

When the RSI reads a value (>70) then the crypto is overbought, which means that due to more buying the demand has increased as such the price has also increased. On the other hand, when it is oversold, many are selling, as such, its price is undervalued.

The RSI is the purple line at the bottom of the chart and the yellow line is the signal. The signal line gives more context to the RSI. In particular, it helps the trader dictate how the market is doing based on how the RSI moves relative to the signal line. 

Hence, when the RSI moves above the signal line, GALA is performing above par as the signal line is the average line. And, when the RSI falls below the signal line GALA is bearish.  

Currently, the RSI reads a value of 78 and it is in the overbought region. Moreover, it is well above the signal line, hence, GALA is performing really well.

Meanwhile, the chart highlights a divergence. In particular, it is a bearish divergence. When RSI made lower highs, GALA was making higher highs. Following this divergence, GALA fell. When scrutinizing the chart, it gives the feeling that there could be another bearish divergence, where the price keeps making higher highs while the RSI makes lower highs.  

Gala (GALA) Price Analysis – Moving Average Convergence and Divergence (MACD)

The Moving Average Convergence and Divergence indicators use two exponential moving averages (EMA) to find how the cryptocurrency is doing. Usually, the longer EMA is the 26-day EMA, and the shorter is the 12-day EMA. The MACD is found by reducing the 12-day EMA from the 26-day EMA. If the MACD is positive, that means the crypto is performing well, but if it’s negative, then it is losing value.

To give more context to traders, the MACD has a signal line that gauges how well MACD performs relatively. Just like the RSI when the MACD goes below the signal line it means that GALA is losing value. And, when the MACD is above the signal line, it means that GALA is performing well above the average or signal. 

Usually, the MACD falls below the signal line before a downtrend starts, and after that, the MACD could go into the negative zone if the bearish outlook persists. The opposite is true for a bullish outlook. Currently, the MACD reads a value of 0.00316 and it is above the signal line, showing that the market is bullish. 

Traders could use the crossing of the shorter EMA below the longer EMA as an indication to take profits. This means that very shortly MACD could go into the negative zone. 

Gala (GALA) Price Prediction 2024-2030 Overview

Gala (GALA) Price Prediction 2024

There is a high chance that GALA could be taking the Wyckoff pattern. The initial stage of the Wyckoff pattern which is the downtrend coming to an end can be seen in Phase A. The downtrend ended after GALA reached the support line at $0.017. 

After rebounding off of the support line GALA is rising. It could enter phase B at any stage and once it enters this stage, it will test the resistance line at $0.072. Thereafter, it will face rejection at that resistance level and crash back to the support lines. 

Once the rise from the support line starts again, GALA will enter phase C with new higher lows. This behavior of making new higher lows will continue until phase D is completed. The completion of phase D occurs when a higher low is made on the resistance level at $ 0.072.Thereafter, GALA will enter the final phase, which is phase E, and will continue to rise.  There is a high chance it could reach $0.15. 

Note that the above mentioned is an illustration of what might happen and it is not time sensitive. 

  Gala (GALA) Price Prediction – Resistance and Support Levels

The above chart shows that GALA has been predominantly falling below the 1:1 Gann line. Although, it tested the 1:1 Gann line on a few occasions it wasn’t able to break it. Currently, after being supported by the 3:1 Gann line, GALA is moving upwards. It is almost on the verge of testing the 1:1 Gann line. If the bullish outlook persists, there is a possibility that GALA could reach above the 1:1 Gann line which is considered bullish.   

Gala (GALA) Price Prediction 2025

Gala may experience the after-effects of the Bitcoin halving and is expected to trade much higher than its 2024 price. Many trade analysts speculate that BTC halving could create a huge impact on the crypto market. As the altcoins replicate BTC’s movement we may see Gala will rise to form new resistance levels. It is expected that Gala (GALA) will trade beyond the $1.25 level.

Gala (GALA) Price Prediction 2026

After a long period of bull run, the traders will start selling their tokens to cash in on the profit. 

During this period there will be an excess of supply, which, as per the supply-demand behavior will reduce the demand for GALA. During this period of price correction, Gala could lose momentum and be way below its 2025 price. As such, it could be trading at $0.87 by 2026. 

Gala (GALA) Price Prediction 2027

Naturally, traders expect a bullish market sentiment after the crypto industry was affected negatively by the bears’ claw. Moreover, the build-up to the next Bitcoin halving in 2028 could evoke excitement in traders. Although there could be small spikes here and there, the market could be going through a period of consolidation in preparation for BTC halving. During this time, GALA could trade at around $1.35 by the end of 2027. 

Gala (GALA) Price Prediction 2028

Looking forward to another BTC halving event, the crypto community’s hope will be re-ignited. During this phase, there is a high chance that Gala could form new higher lows followed by consolidation. There is a high chance that (GALA) could be trading at around $1.8 after experiencing a considerable surge by the end of 2028. 

Gala (GALA) Price Prediction 2029

2029 is expected to be another bull run due to the aftermath of the BTC halving. During this period, GALA’s rise could be more than the rise in 2025, the year after 2024 halving. With a huge spike Gala (GALA) could be trading at around $2.75 by the end of 2029. This year could produce the next all-time high for GALA. 

Gala (GALA) Price Prediction 2030

After witnessing a bullish run in the market, Gala and many altcoins would show signs of consolidation and might trade sideways and move downwards for some time while experiencing minor spikes. Therefore, by the end of 2030, Gala (GALA) could be trading at $2.25.

Gala (GALA) Price Prediction 2040

2040, would be another BTC halving event according to BTC’s calendar. During this time crypto would have been widely spread and would be much popular. Hence, it is expected that the average price of Gala  (GALA) could reach $5 by 2040.

Gala (GALA) Price Prediction 2050

2050 would be two years after the BTC halving in 2048. This would mean that the market could be consolidating at a value below its 2048 price. As such, GALA could be trading at around $7.

Conclusion

If investors continue showing their interest in Gala and add these Coins to their portfolio, it could continue to rise. GALA’s bullish price prediction shows that it could reach the $0.15 level.

FAQs

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.