<strong><em>GALA is down 14 percent in the previous trading week, finding support at $0.15. Deeper losses may see the token more than half to Q3 2021 lows.</em></strong>
<h2>Past Performance</h2>
GALA is in red when writing, dropping five percent in the past 24 hours and 14 percent in the previous trading week, trailing the USDT. As per the development in the daily chart, sellers have the upper hand, forcing the coin below $1.
<h3>GALA Technical Analysis</h3>
<a href="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/GALA-Daily-Chart-for-April-29.png"><img class="alignnone size-full wp-image-233899" src="https://www.cryptoknowmics.com/news/wp-content/uploads/2022/04/GALA-Daily-Chart-for-April-29.png" alt="GALA Daily Chart for April 29" width="1366" height="768" /></a>

GALA is struggling against emphatic bears, dropping below the psychological resistance level at around $0.20. At spot rates, aggressive traders may unload on every pullback towards $0.18. This reaction line flashes with the highs of April 26—a critical trend defining bar in the short term. A sharp close below Q1 2022 lows. This level coincides with January 2022 lows at $0.15. If the breakout bar has significantly higher trade volumes, the sell-off could be profound, forcing <a href="https://www.cryptoknowmics.com/news/gala-technical-analysis-consolidation-and-the-target-of-0-38/">GALA</a> towards $0.07—a key Q3 2021 reaction point. Unexpected gains above April 26 highs of $0.18 would encouragingly nullify the bearish outlook.
<h3>What to Expect?</h3>
GALA is bearish, cratering 81 percent from late 2022 highs. More losses below April 26 lows may see the token give up gains posted in Q4 2021.

GALA Drops 14%, on the Brink of Another Collapse to $0.07?

GALA is down 14 percent in the previous trading week, finding support at $0.15. Deeper losses may see the token more than half to Q3 2021 lows.

Dalmas has been passionate about the blockchain and crypto space ever since he’s heard about it. As someone who’s been closely following the trends in the crypto space, Dalmas is excited about what lies ahead in this niche and is all set to explore it. While he’s been advocating crypto adoption for a number of years, he’s himself a HODLer, which makes his voice authoritative and credible.

GALA Drops 14%, on the Brink of Another Collapse to $0.07?

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