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
Resistance levels: $0.080, $0.090, $0.100
Support levels: $0.040, $0.030, $0.020
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.
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- Source: https://insidebitcoins.com/news/gala-price-prediction-for-today-january-28-gala-usd-trades-above-0-060-as-a-retracement-may-follow