Recently cryptocurrency marketThe price movements observed in attract the attention of investors. In particular, the attempts of the cryptocurrency king Bitcoin (BTC) to rise above the $ 60,000 threshold are considered as a sign of a strong bull trend in the cryptocurrency market. In light of these positive developments, investors’ favorite altcoinWe are taking a closer look at Polygon (MATIC) and Gala (GALA).
Bullish Trend Continues in Polygon (MATIC)
Polygongained momentum after a brief bear market. Rising over 3 percent in the last 24 hours MATICIt maintains its 21st position with a trading volume of 201.95 million and a market capitalization of $4.46 billion. A Prize Pool Worth 21 Million TL Awaits You from BinanceTR! Participating and winning has never been easier.. You can sign up to BinanceTR from this link. Get your first crypto!
Technical indicators, MACDThe continuous increases observed in the green histogram of , indicate that the price movement is getting stronger. The bullish movement shown by the Averages predicts that the altcoin will continue to gain value. If the bulls continue to gain strength, Polygon can be expected to test the resistance level at $ 0.50 this month. On the other hand, if the bears come to the fore again, MATIC can be pulled back to the $ 0.3250 support.
Signals of Ascension in Gala (GALA)
Premierehas gained about 3 percent in the last 24 hours, and has managed to rise more than 10 percent in the last week. The altcoin, which ranks 95th with a market value of $ 610.15 million, is SMAIt is observed that the is providing support and the RSI is showing a positive movement.
The current chart suggests that GALA may show a positive trend in the future. If the price of Gala breaks the resistance level at $0.02075, the bulls may carry the price to the next resistance level at $0.02860.
On the other hand, if the bears dominate the market, the altcoin can be expected to retest the $0.01375 level.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
