Gala Price Prediction for Today, March 6: GALA/USD Likely To Step Above $0.040 Level
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The Gala price prediction shows that GALA is recovering from the daily opening price at the $0.036 level as the price heads to the upside.
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
GALA/USD Market
Key Levels:
Resistance levels: $0.060, $0.065, $0.070
Support levels: $0.020, $0.015, $0.010
GALA/USD is likely to cross above the 9-day and 21-day moving averages as the touches the daily high at the $0.040 resistance level. At the time of writing, Gala is changing hands at $0.039, having gained over 8.08% since the beginning of the European session. However, with latest the recovery, the digital asset is likely to cross above the moving averages to increase the bullish movement.
Gala Price Prediction: Can GALA Break Above $0.040?
The Gala price may cross above the 9-day and 21-day moving if the bulls increase the buying pressure. Moreover, if the bulls maintain the upward trend, GALA/USD could move to touch the resistance levels of $0.060, $0.065, and $0.070 to keep the price on the upside. In other words, any strong selling pressure below the lower boundary of the channel may drag the price to the south as soon as the bears step back into the market.
However, should Gala (GALA) trade below the channel, a bearish continuation could bring the price to the supports of $0.020, $0.015, and $0.010 which could bring more bearish signals into the market. Meanwhile, the technical indicator Relative Strength Index (14) is crossing above the 40-level, indicating a possible bullish movement.
Against Bitcoin, the Gala price is also heading to the north as the coin moves to cross above the 9-day and 21-day moving averages. However, following the recent positive sign, the current market movement may continue to follow the upward movement if the buyers push the price above the 21-day moving average.
Moreover, as the technical indicator, Relative Strength Index (14) remains above the 40-level, once it increases the bullish pressure, the market price could hit the resistance level of 265 SAT and above. Meanwhile, a bearish cross below the lower boundary of the channel could lower the price to the support level of 100 SAT and below.
Gala Alternatives
The Gala price is experiencing an increase as the coin touches the resistance level of $0.040. According to the daily chart, if buyers could push the price above the 9-day and 21-day moving averages, GALA/USD may create additional gain on its way to the upper boundary of the channel, Meanwhile, here is another token with a high return on investment, the team behind FGHT token has a solid track record in the industry and has laid out a clear roadmap for the development of the platform. As the project continues to make progress and achieve its goals, it is likely to attract more attention and potentially drive the price up. Meanwhile, the token has raised almost $5.5m in the presale.
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