Project Galaxy Price Prediction: GAL Is Under a Systemic Selling Force ByAzeez MustaphaPRO INVESTOR Updated: 17 May 2022 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Project Galaxy Price Prediction – May 17Project Galaxy appears to be under a systemic selling force over several hours of sessions this month along the lower bullish trading wall it first came up about. As of writing, the price is trading around $6 at a positive percentage of 4.02.Project Galaxy (GAL) Price Statistics:GAL price now – $6.37GAL market cap – $2.2 millionGAL circulating supply – 35.2 millionGAL total supply – 200 millionCoinmarketcap ranking – #233Project Galaxy (GAL) Market Key Levels: Resistance levels: $7.50, $10, $12.50Support levels: $5, $3.50, $2GAL /USD – Daily Chart The daily chart showcases the Project Galaxy market activity is under a systemic selling force, trading against the market valuation of the US Dollar. A fewer day back, the crypto economy has been downing after reaching a point around the bigger SMA. The 14-day SMA indicator is underneath the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region, moving in a consolidation manner slightly toward the range of 20. Buy Project Galaxy Now Will the GAL/USD market dump farther to newer support lines soon? The present trading situation of the GAL/USD market operation suggests the crypto may not go dumping significantly farther for newer support lines as it is currently under a systemic selling force. Another technical closer viewing angle to the current trading condition appears that a range-bound outlook is obtainable between the $7.50 resistance and the $5 support levels. Judging by the reading of the Stochastic Oscillators, momentum to the upside now seems to gather.On the downside of the technical analysis, the GAL/USD market short-position players needed to be cautious of exerting fresh order while price is yet to get a rejection confirmation around a higher resistant trading zone. An aggressively breaching out of the market at the $7.50 resistance level will mean a warning signal to suspend shorting positions in that face. IOTA/BTC Price Analysis In comparison, Project Galaxy has been on the trend of downing, pairing with Bitcoin in the marketplace of cryptos presently. The cryptocurrency pair market is under a systemic selling force as there have been a series of lower lows around the trend lines of the SMAs. The 14-day SMA indicator is closely underneath the 50-day SMA indicator. The Stochastic Oscillators are in the oversold region with their conjoined, swinging over from yesterday until the present. Indecision may play out between the crypto pair for a while. Looking to buy or trade Project Galaxy now? Invest at eToro! Buy Project Galaxy Now 68% of retail investor accounts lose money when trading CFDs with this provider. Read more: How to buy cryptocurrency