Gala Price Prediction for Today, January 28: GALA/USD Trades Above $0.060 as a Retracement May Follow

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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

GALA/USD Market

Key Levels:

Resistance levels: $0.080, $0.090, $0.100

Support levels: $0.040, $0.030, $0.020

Gala Price Prediction for Today, January 28: GALA/USD Trades Above $0.060 as a Retracement May Follow
GALAUSD – Daily Chart

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.

GALABTC – Daily Chart

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.

Gala Alternatives

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Meta Masters Guild – Play and Earn Crypto

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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