Gala Price Prediction for Today, October 13

Gala Price Prediction for Today, October 13 – GALA Technical Analysis

Updated: 14 October 2023

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The Gala price prediction shows that GALA could renew the bullish trend as the coin prepares for a bullish rally in the days to come.

Gala Prediction Statistics Data:

Gala price now – $0.013
Gala market cap – $336 million
Gala circulating supply – $24.8 billion
Gala total supply – $426.9 billion
Gala Coinmarketcap ranking – #89

GALA/USD Market

Key Levels:

Resistance levels: $0.017, $0.019, $0.021

Support levels: $0.010, $0.008, $0.006

Gala Price Prediction for Today, October 13 – GALA Technical Analysis — GALAUSD – Daily Chart

GALA/USD is currently changing hands at $0.013 with a slight gain of 1.63% since the start of the day. With this recovery, the coin is likely to cross above the 9-day and 21-day moving averages to touch the nearest resistance level of $0.014.

Gala Price Prediction: Would Gala Price Gain Additional Upside?

Looking at the daily chart, the Gala price is moving toward the resistance level of $0.014 as the initial move above this level could boost the price further up. The Gala (GALA) hits the daily high at $0.0139 before retreating to where it is currently trading. Looking at it from above, more bullish movements may come into play if the Gala price crosses above the upper boundary of the channel, and the nearest resistance level could be found at $0.015.

Nonetheless, traders can see that the daily movement remains in the hands of the bulls as the 9-day MA remains above the 21-day MA. Meanwhile, any bullish break above the upper boundary of the channel may most likely push the coin toward the potential resistance levels of $0.017, $0.019, and $0.021 while a slide toward the lower boundary of the channel may lead to the supports of $0.010, $0.008, and $0.006 respectively.

GALA/BTC Moves Bullishly

Against Bitcoin, the Gala price is seen heading to the north as the coin moves to cross above the 9-day and 21-day moving averages. After the coin touched the daily high at 52 SAT today, the coin later retreated to where it is currently trading. Meanwhile, the price will head to the upside if the buyers put more pressure on the market.

Moreover, should the sellers return to the market, the Gala price may drop to the support of 40 SAT and below. At the moment, the 9-day MA is likely to cross below the 21-day MA which could bring the coin to the downside but any further bullish movement above the upper boundary of the channel may locate the resistance level at 62 SAT and above.

Alternatives to Gala

The Gala price has been facing the upside since the European session as the market moves to cross above the 9-day and 21-day moving averages. However, GALA/USD may cross above the upper boundary of the channel and traders can expect the price to hit the nearest resistance level of $0.016.

However, $BTCMTX, launched on September 26, 2023, has a maximum supply of 4 billion tokens, with allocations of 42.5% to Bitcoin mining, 35% to marketing, 15% to community rewards, and 7.5% to staking rewards. The token may boost a considerable user base, adding to Bitcoin’s hashing power and enhancing its security. The token has raised almost $1.3m in the ongoing presale.

New Crypto Coin BTCMTX Huge Possibilities (Candid Analysis and Prediction).