Is GALA Crypto Going To Blast Off & Break Range?

The GALA crypto surged from $0.0125 and surged to $0.0360 wonderfully but failed to sustain at the top and plummeted and formed support at $0.0204.

However, the GALA crypto has revealed a sign of recovery as the price has been showing signs of sustenance at a crucial level of around $0.0204 on the chart.

The GALA crypto is set for a colossal surge, as it gears up to crack the resistance level and rocket to new peaks from the current support zone.

The GALA asset is exhibiting bullish strength and rising capacity as it approaches to cut major EMA bands from below which would confirm bullish signals.

Furthermore, the GALA crypto asset is displaying bullish behavior as MACD shows a bullish crossover. Where MACD is at -0.0011, the signal line is at -0.0012, and the histogram is at 0.00014. the histogram highlights the increase in the graph signifying an increase in the gap in both lines.

The RSI is not near the 70 level yet and has taken swift support on the 14-SMA smoothened line and RSI curve has cut the 14-SMA line from below showing bullish strength, meaning that the asset is not facing much resistance and can extend its gains in the upcoming sessions.

On top of that, the asset price structure is showing bullish signs and displays it has the potential to grow further. It has not performed well in the past week. But it has been in a consolidation phase for a prolonged time, indicating a strong uptrend.

At the time of publishing, the GALA crypto is experiencing a surge of 1.34% in the last 24 hours, trading at $0.022090. Therefore, if the demand for the GALA crypto remains high, the asset price could advance more from the current level. The next goal for the price is to reach $0.02917.

However, if the GALA crypto price fails to stay above the $0.02045 level, it could decline further.

Summary

The GALA asset is exhibiting bullish strength and rising capacity as it approaches to cut major EMA bands from below and these occurences in price structure highlight bullishness.

The RSI is not near the 70 level yet and has taken swift support on 14-SMA smoothened line and the RSI curve has cut the 14-SMA line from below showing bullish strength.

On top of that, the asset price structure is showing bullish signs and displays it has the potential to grow further, indicating a strong uptrend.

Therefore, if the demand for the GALA crypto remains high, the asset price could advance more from the current level. The next goal for the price is to reach $0.02917.

Technical Levels

Support Levels: $0.02045

Resistance Levels: $0.02917

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages ​​and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.