Gala Price Prediction for Today, January 28: GALA/USD Trades Above $0.060 as a Retracement May Follow

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The Gala price prediction shows that GALA is moving higher and could break above the resistance of $0.060 as the coin stays higher.

Gala Prediction Statistics Data:

Gala price now – $0.057
Gala market cap – $396.2 million
Gala circulating supply – 6.9 million
Gala total supply – 35.2 million
Gala Coinmarketcap ranking – #93

GALA/USD Market

Key Levels:

Resistance levels: $0.080, $0.090, $0.100

Support levels: $0.040, $0.030, $0.020

Gala Price Prediction for Today, January 28: GALA/USD Trades Above $0.060 as a Retracement May Follow — GALAUSD – Daily Chart

GALA/USD keeps the bullish movement as the coin breaks higher; the Gala (GALA) is making a gain of 7.83% and touches the daily high of $0.062. However, the crypto is keeping its price above the 9-day and 21-day moving averages. Meanwhile, traders can expect the Gala to prepare itself steadily for a ride toward $0.070.

Gala Price Prediction: GALA Price Ready for the Upside

In the last few days, the Gala price has moved from $0.050 to $0.062 and at the same time moving to cross above the upper boundary of the channel. However, the ongoing trend may move a little bit higher in the coming week if the 9-day moving average remains above the 21-day moving average as the coin may reach the nearest resistance at $0.060, therefore, any further bullish movement could hit additional resistance levels at $0.080, $0.090, and $0.100 respectively.

However, a bearish drop below the moving averages may roll the market back to the downside, and the initial support level of $0.050. Meanwhile, the support levels could be located at $0.040, $0.030, and $0.020. As the trading volume increases, the technical indicator Relative Strength Index (14) moves around 70-level which indicates that more bullish signals may come to play.

When compares with Bitcoin, Gala is currently trading above the 9-day and 21-day moving averages. The price is changing hands at 250 SAT as the technical indicator Relative Strength Index (14) moves above the 60-level. However, the daily chart reveals that the coin is retreating after touching the daily high of 272 SAT.

Negatively, the critical support level could be located at 350 SAT and below. Inversely, a higher sustainable move above the upper boundary of the channel could attract new buyers to the market with the next resistance at 350 SAT and above.

Gala Alternatives

The Gala price is moving bullishly and could begin another increase above the resistance level of $0.062 as a short-term bias for the coin is bullish. However, here is another coin that can bring a huge return on investment, the Meta Masters Guild (MEMAG) token benefits traders. This token is this year’s Play-to-Earn guild with the fastest growth. As a result, it will be Web3’s largest mobile gaming guild. It is possible to develop games that are entertaining and intriguing and work with NFTs. And there, community members receive rewards for their investments and speculation. There has already been close to $2 million raised during the MEMAG presale.

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