Gala Price Prediction for Today, May 10: GALA/USD May Break Above $0.040 Level

Updated: 19 May 2023

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The Gala price prediction may continue to show a bullish -day and 21-day movement if the market could rise above the $0.035 resistance level.

Gala Prediction Statistics Data:

Gala price now – $0.031
Gala market cap – $221.6 million
Gala circulating supply – 6.9 billion
Gala total supply – 35.2 billion
Gala Coinmarketcap ranking – #137

GALA/USD Market

Key Levels:

Resistance levels: $0.045, $0.050, $0.055

Support levels: $0.015, $0.010, $0.005

Gala Price Prediction for Today, May 10: GALA/USD May Break Above $0.040 Level — GALAUSD – Daily Chart

GALA/USD has been facing the upside since the European session as the market moves to cross above the 9-day moving average. Apart from this, the price of Gala could head toward the upper boundary of the channel and traders can expect the price to hit the nearest resistance level of $0.035.

Gala Price Prediction: Gala Price Shoots to the North

According to the daily chart, the Gala price may create a new positive trend, so that traders can push the coin toward the upside, which could test the resistance level of $0.035. Similarly, the technical indicator Relative Strength Index (14) moves to cross above the 40-level, and crossing above this level may locate the potential resistance levels at $0.045, $0.050, and $0.055 respectively.

Meanwhile, should in case the Gala price spike above the 9-day and 21-day moving averages, traders may witness more bullish trends in the coming trading sessions. On the contrary, a bearish breakdown may likely play out for this market if the Gala price withdraws back below the 9-day moving average, and this could roll the coin back to the long-term supports at $0.015, $0.010, and $0.005.

Against Bitcoin, the Gala price follows the bullish movement as the coin remains below the 9-day and 21-day moving averages. Meanwhile, if the pair touches the resistance level of 130 SAT, the market is likely to keep releasing more bullish pressure as the technical indicator Relative Strength Index (14) recovers from the oversold region, which indicates that more bullish signals are going to play out.

Nevertheless, if GALA/BTC falls and crosses below the lower boundary of the channel, it could bring the coin to the nearest support at 100 SAT, and any further bearish movement could lower the price to the support level of 65 SAT and below. Therefore, if the coin continues to follow a bullish movement and crosses above the upper boundary of the channel, traders could see a bull run to the resistance level of 165 SAT and above.

Alternatives to Gala

The Gala price can only maintain the uptrend if the newly touched $0.032 support level is maintained at all costs. At the moment, the technical indicator Relative Strength index (14) is seen moving to cross above the 40-level by creating more bullish signals, this could encourage more buyers to enter the market. The AiDoge ecosystem offers users the opportunity to stake $Ai tokens to warn daily rewards and access platform features. Staking is crucial for long-term engagement and platform stability. However, the token has raised almost $6m in the ongoing presale.

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