Gala Price Prediction for Today, September 8 – GALA Technical Analysis

Gala Price Prediction: Heading Towards Resistance

Gala (GALA) is poised to challenge the resistance level of $0.020 within the current moving averages, as per the daily chart analysis.

Key Statistics:

• GALA price: $0.018
• Market cap: $584.9 million
• Circulating supply: 34.2 million
• Total supply: 36.2 million
• Coinmarketcap ranking: #89

Historical Context:

After reaching a peak of $0.8367 in 2021, GALA plummeted by 97.99%. However, since its all-time low of $0.000151 in 2020, it has rallied by an impressive 11,037.41%.

Technical Analysis:

GALA/USD Market:

• Key resistance levels: $0.024, $0.026, $0.028
• Key support levels: $0.012, $0.010, $0.009

GALA/USD is approaching the upper boundary of a descending channel, indicating a potential breakout or rejection.

Gala Price Prediction:

GALA is facing a crucial resistance level at $0.018. A successful breakout above this level could signal bullish momentum.

If GALA can surpass $0.020, it could potentially rally towards the resistance levels of $0.024, $0.026, and $0.028. Support levels could be located at $0.012, $0.010, and $0.009.

GALA/BTC Correlation:

Against Bitcoin, GALA is facing the upper boundary of its channel. A bullish movement could see it touch the resistance level of 44 SAT, while a bearish trend could lead to a support level of 18 SAT.

Alternative to Gala:

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