Gala V2 (GALA) Stays Positive About Gathering More Profits

After price action in the GALA daily market claimed a multi-month high, the market still has what it takes to keep going. However, today’s session has brought a minor downward correction, yet bulls are still generally favored above bearish ones.

Key GALA Statistics:
Current Gala V2 Value: $0.2710
Gala V2 Market Cap: $714,202,966
Circulating Supply of GALA: 26,146,924,683
Total Supply of Gala V2: 28,176,084,819
GALA V2 CoinMarketCap Ranking: 70

Key Price Levels:
Resistance: $0.2710, $0.2800, and $2.900
Support: $0.2700, $0.2600, and $0.2500

Gala V2 Is Still Heading Upwards

The Gala V2 daily market stays generally positive about extending its upside retracement. The mentioned upward retracement started on the 20th of October when price action bounced off support just above the $0.1200 mark. Price action has been on an upward trajectory, causing it to have risen close to the $0.2800 mark.

The rejection seen in today’s session still places prices far above the middle limit of the Bollinger Bands. At the same time, the Moving Average Convergence Divergence (MACD) indicator lines have just delivered a bullish crossover. The indicator has also shown that the downward forces are weakening very quickly as they vanish into the equilibrium point.

Bullish Sentiment Stays on in the GALA Market

While it was noticed that bears are losing momentum very quickly, it could be seen that bulls are quick to capitalize on this event. The ongoing session in the GALA 4-hour market has returned price movements to their upside trajectory. It could be seen that price action has bounced off the middle limit of the Bollinger Bands.

Likewise, a bullish crossover has appeared on the RSI indicator lines. This suggests that buyers are more likely to gather more profits as trading progresses. At this point, traders can aim for the retracement to continue towards the $0.2900 mark.

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