GALA Price Prediction: GALA Price Ready for the Upside

The Gala price prediction shows that GALA is moving higher and could break above the resistance of $0.030 if the bulls increase the pressure.

The Gala (GALA) price is displaying a bullish bias on a daily chart as it trades within a descending channel, approaching a crucial resistance level. A breakout from the channel could lead to significant price gains.

Key Levels:

Resistance levels: $0.026, $0.028, $0.030

Support levels: $0.012, $0.010, $0.008

After bouncing off the channel’s support on March 9th, 2024, the Gala price has been approaching the channel’s resistance, along with a key long-term resistance level at $0.020. The price appears to be preparing for a breakout from the channel, which could lead to further price gains.

GALA/USDに入り、重要なレジスタンスが複数あるため、価格が上昇する可能性があります。0.025 ドル以上のレジスタンスからブレイクアウトすると、強さにもよりますが、0.030 ～ 0.040 ドルの価格がターゲットになります。一方、9 日移動平均線と 21 日移動平均線を下回ると、下落し始め、最初のサポートは 0.015 ドルで、その後は 0.012 ドル、0.010 ドル、0.008 ドルになります。

GALA/BTC Might Spike to the Upside

In comparison to Bitcoin, the Gala price is currently positioned above both the 9-day and 21-day moving averages, with an upward trajectory that suggests it may soon break above the channel’s upper boundary. The price is presently trading at 33 SAT, with the 9-day MA on the verge of crossing above the 21-day MA. However, the daily chart indicates that Gala may experience a pullback after reaching a recent high of 34 SAT.

On the downside, if the price begins to decline, key support could be found around 20 SAT or lower, near the channel’s lower boundary. Conversely, if Gala sustains a move above the channel’s upper boundary, it could attract additional buyers, pushing the price towards the next resistance levels at 45 SAT and higher.

However, @cryptojack informed his 343k followers on X (formerly Twitter) that $GALA is bouncing from a massive support level and anticipates that #GALA could see a substantial increase from this point. Stay tuned for more updates!

The price of $GALA is bouncing from a massive supoprt area and #gala will likely pump from here. Stay tuned! pic.twitter.com/nRpSc6FEbJ

— CryptoJack (@cryptojack) August 23, 2024

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