The Gala price prediction is seen breaking above the $0.045 resistance level as the coin focus on the $0.050 resistance level.
Gala Price Prediction Statistics Data:
- Gala price now – $0.048
- Gala market cap – $338.7 million
- Gala circulating supply – 6.9 billion
- Gala total supply – 35.2 billion
- Gala Coinmarketcap ranking – #119
Resistance levels: $0.070, $0.075, $0.080
Support levels: $0.025, $0.020, $0.015
GALA/USD is seen refreshing to a new high after touching the daily low of $0.042 to breach above $0.045 while currently trading at $0.048 with a bullish movement towards the upper boundary of the channel. However, the seller may attempt to return to the market, but the bulls are likely to collect more on the price dips.
Gala Price Prediction: Gala Price Continues to Push Higher
The Gala price can only maintain the uptrend if the newly touched $0.042 support level is maintained at all costs. At the moment, the technical indicator Relative Strength index (14) is seen moving to cross above the 50-level by creating more bullish signals, this could encourage more buyers to enter the market.
However, if the red line of the 9-day MA remains below the green line of the 21-day MA, the coin may slide to the south, but any bullish movement above the channel could hit the resistance levels at $0.070, $0.075, and $0.080 respectively. Moreover, if the technical indicator decides to stay below the 9-day and 21-day moving averages, there may be a quick bearish drop which may likely roll the market down to the support levels of $0.025, $0.020, and $0.015.
When compares with Bitcoin, Gala is facing the north but still remains below the 9-day and 21-day moving averages. Meanwhile, the technical indicator Relative Strength Index (14) is also moving below the 50-level as the market price may move sideways.
According to the daily chart, if the bulls increase the pressure, the potential resistance level could be located at 300 SAT and above. Still, a lower sustainable move may likely cancel the bullish pattern as this could attract new sellers coming into the market with the next focus on the support level of 108 SAT and below.
The Gala price begins another increase today as the coin moves toward the resistance level of $0.050. Meanwhile, if buyers should be able to push the price above the 9-day and 21-day moving averages, it could create additional gain at $0.060, Nevertheless, here is another coin with a high return on investment, the Meta Masters Guild token benefits traders as it is possible to develop games that are entertaining and intriguing and work with NFTs. Meanwhile, the token has raised over $4.5 million since the beginning of the presale.