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. Join Our Telegram channel to stay up to date on breaking news coverage 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 Join Our Telegram channel to stay up to date on breaking news coverage