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Price action in the GALAUSDT market has stayed on an upward course ever since it bounced off the support at the $0.02104 mark. Used trading indicators are also still displaying positive signs, suggesting that the upside movement can continue.
GALA Statistics:
Current Gala V2 Value: $0.03342
GALA Market Cap: $945,959,073
Gala V2 Circulating Supply: 27,799,861,148
GALA Total Supply: 29,829,021,284
Gala V2 CoinMarketCap Rank: 82
Key Price Levels:
Resistance: $0.03342, $0.03500, and $0.03700
Support: $0.03300, $0.03200, and $0.03100
GALAUSDT Traders Gather More Profits
Traders in the GALAUSDT market have further gathered more profits from today’s trading activity. The profits have been quite significant compared to those seen in previous sessions. At this point, the market has progressed past the Guppy Multiple Moving Average (GMMA) curve.
Meanwhile, the Moving Average Convergence Divergence (MACD) indicator curves have risen past the equilibrium level. Also, it should be noticed lately that the lines of this indicator have a sharp upside bearing, suggesting that the upside momentum has strengthened. Consequently, the market can be regarded as still having an upside trajectory. Likewise, the bullish sentiment in the market also appears strong and may trigger more bullish crypto signals as trading activities continue.
Gala V2 Market Bounces Off the $0.03400 Resistance But May Still Fight Back
The GALAUSDT 4-hour market seems to show that this market is deliberate about rechallenging resistance. This seems so, after the price action has bounced off resistance near the $0.03400 price levels. Also,prices in this market time frame has increased further from what it was on the daily market ($0.03342) to the $0.03356 mark.
The current session has also kept prices above the GMMA lines, while the MACD indicator lines maintain their behavior as on the daily market time frame. The last bar above the equilibrium level of the MACD can be seen appearing tall and solid green in appearance. This shows that traders can still hope that the market may at least hit the $0.03450 mark.
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