GALA Crypto Shows Signs of Strength
GALA crypto has been on a roll lately, gaining over 9% in the last 24 hours. The coin is showing signs of a resurgence in bullish sentiment, with the potential to break through its current channel and hit new highs.
What’s Driving the Surge?
Several factors are contributing to GALA’s recent price surge:
- The coin has climbed above the 20-day Exponential Moving Average (EMA), indicating that buying pressure is starting to gain momentum.
- The Relative Strength Index (RSI) line has crossed over the midline zone, also suggesting increased buying pressure.
- The Awesome Oscillator (AO) is starting to form green bars, indicating that bulls are slowly taking back control from the bears.
- The OI-weighted funding rate has remained positive, indicating that more traders are buying GALA with the expectation of a price upswing.
What’s Next for GALA?
If GALA can successfully break through its current resistance level of $0.02000, it could surge towards $0.02200 and $0.02380.
However, it’s important to remember that the cryptocurrency market is highly volatile. If the price drops, key levels to watch for retesting are $0.01680 and $0.01500.
It’s a good time to be watching GALA, but remember to always do your own research before making any investment decisions.
**Disclaimer:** This information is provided for educational purposes only and does not constitute financial advice.
