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Gala V2 tokens have secured the second spot on the daily crypto movers list, with a price increase of 6.75%. Furthermore, its price action indicates a steady rise following a minor downward correction. Let’s delve deeper into this market for additional insights.
Key GALA V2 Statistics:
Current Gala V2 Value: $0.02481
Gala V2 Market Cap: $640,320,579
Circulating Supply of GALA: 25,922,440,754
Total Supply of GALA: 27,951,434,130
GALA CoinMarketCap Ranking: 54
Key Price Levels:
Resistance: $0.02481, $0.02550, and $0.02700
Support: $0.02400, $0.02300, and $0.02200
Gala V2 Heads Upwards
Price action in the Gala V2 daily market rebounded off the uppermost limit of the Bollinger Bands indicator about six trading sessions ago. Despite facing a minor setback, this token has been gradually recovering.
It is evident that trading activities in this market are occurring above the middle band of the Bollinger Bands indicator. With the price action returning to an upside trajectory above this mark, it indicates a potential continuation of the upward trend. Moreover, the Stochastic Relative Strength Index (RSI) indicator lines have recently delivered a bullish crossover in the oversold region. Technically, all indications suggest that this token’s price is heading higher.
GALA Buyers Are Very Responsive
In the GALA 4-hour market, buyers swiftly countered bears with a sharp upside retracement following the losses in the session. Consequently, the ongoing session has pushed prices above the middle limit of the Bollinger Bands.
This significant profit has triggered a bullish crossover in the RSI indicator. Both the leading and lagging lines are approaching convergence above the 40 marks of the indicator. In summary, technical indicators suggest that price activities are likely to receive additional momentum towards the $0.02800 mark.
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