Join Our Telegram channel to stay up to date on breaking news coverage
The Gala price prediction may cause the coin to create a new upward movement as the technical indicator heads to the north.
Gala Price Prediction Statistics Data:
- Gala price now – $2.04
- Gala market cap – $332.4 million
- Gala circulating supply – 6.9 billion
- Gala total supply – 35.2 billion
- Gala Coinmarketcap ranking – #115
GALA/USD Market
Key Levels:
Resistance levels: $3.0, $3.2, $3.4
Support levels: $1.10, $1.08, $1.06
GALA/USD is currently recovering above $2.0 and it is likely to climb above $2.2 soon. The Gala price is currently hovering above the 9-day and 21-day moving averages as bulls are dominating the market. Meanwhile, the red line of the 9-day MA is moving to cross above the green line of the 21-day MA to confirm that the bulls are here for business.
Gala Price Prediction: Would GALA Price Could Reach $2.5 Level
According to the daily chart, the Gala price may continue to create a new uptrend as it is likely for the coin to hit the resistance level of $2.5 if the price moves near the upper boundary of the channel. Meanwhile, GALA/USD may continue to follow the bullish movement if bulls keep the coin above the moving averages.
However, if the traders could see a tremendous climb above the upper boundary of the channel which is fast approaching; it may likely hit the resistance at $3.0, $3.2, and $3.4 levels. On the contrary, sliding below the lower boundary of the channel could hit the critical support levels of $1.10, $1.08, and $1.06 respectively while the technical indicator Relative Strength Index (14) moves to cross above 60-level.
Against Bitcoin, the Gala price may continue to follow a bullish sentiment as the coin breaks above the 9-day and 21-day moving averages. However, the coin is currently facing the upside as the bulls prepare for additional gains. Meanwhile, the sellers may release huge pressure on the market if the coin crosses below the moving averages.
Currently, the technical indicator Relative Strength Index (14) is moving to cross above the 50-level, but if the bears bring the market price below the lower boundary of the channel, GALA/BTC could hit the support level of 510 SAT and below. But, a push toward the upper boundary of the channel could lead the market price to the resistance level of 1000 SAT and above.
Alternatives to Bitcoin
The Gala price begins another increase today as the coin moves toward the resistance level of $2.2. Meanwhile, if buyers should be able to push the price near the upper boundary of the channel, it could create an additional gain of $2.5. Nevertheless, LHINU is the funniest utility meme coin of the year as it is designed for users who will be able to vote anonymously on trending topics and share their honest opinions with ease. Investors can get some LHINU today as the token has raised almost $2m in the ongoing presale.
Join Our Telegram channel to stay up to date on breaking news coverage