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The GALAUSDT daily market is experiencing a bullish run. This could be perceived as the token’s price action surpassing a yearly high. Currently, the token can be bought and sold at a price last seen in January 2023. Yet the market appears ready to see more increases.
GALA Statistics:
Current Gala V2 Value: $0.06216
Gala V2 Market Cap: $1,806,306,190
GALA Circulating Supply: 29,262,519,787
Gala V2 Total Supply: 31,291,679,923
GALA CoinMarketCap Rank: 66
Key Price Levels:
Resistance: $0.06216, $0.06500, and $0.07000
Support: $0.06000, $0.05500, and $0.05000
GALAUSDT Continues to Pump Hard
It appears that the GALAUSDT market has been able to welcome considerable tailwinds from the previous session until the current one. The current session seems to be hinting that upside market forces are intentional about initiating more price increases.
At this point, the Gala V2 token now trades above the uppermost band of the Bollinger Bands. The last price candle on this daily chart suggests that buyers may be eyeing the $0.07000 mark already. The Moving Average Convergence Divergence (MACD) indicator lines have resumed their upward path after aborting a bearish crossover. Consequently, indicators are suggesting that the market may still record more profits.
Gala V2 Bulls Are Aiming to Advance Further
Even when looking at the GALAUSDT market in a 4-hour time frame, it could be seen that price action will continue rising further. The last price candle in this market appears to be sitting at the tip of the last uppermost limit of the Bollinger Bands.
Also, the size of the mentioned price candle suggests that buyers are still a significant number in the ongoing session. The MACD indicator bars continue to appear solid green above the equilibrium level, while the indicator’s lines keep rising upward above the equilibrium level. Consequently, traders can still anticipate that the market will approach the $0.0700 mark by making use of crypto signals with targets around that price level.
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