Recently, the observed price fluctuations in the cryptocurrency market have caught investors‘ attention. Especially, Bitcoin’s (BTC) attempts to surpass the $60,000 threshold are seen as a sign of a strong bull trend in the cryptocurrency market. In light of these positive developments, we are examining investors’ favorite altcoins, Polygon (MATIC) and Gala (GALA).
Bullish Trend Continues for Polygon (MATIC)
Polygon gained momentum after a short bear market. MATIC, which rose over 3% in the last 24 hours, maintains its 21st position with a trading volume of 201.95 million and a market value of 4.46 billion dollars.
Technical indicators suggest that price movement is strengthening with the continuous increase observed in the MACD green histogram. The bullish movement indicated by the averages predicts that the altcoin will continue to gain value. If the bulls continue to gain strength, Polygon is expected to test the resistance level at $0.50 this month. On the other hand, if the bears come to the forefront again, MATIC may pull back to the support at $0.3250.
Gala (GALA) Shows Signs of Rise
Gala rose by approximately 3% in the last 24 hours and managed to rise over 10% in the last week. The altcoin, which ranks 95th with a market value of 610.15 million dollars, shows that the SMA provides support and the RSI exhibits a positive movement in the daily time frame.
The current picture indicates that GALA may show a positive trend in the future. If Gala’s price surpasses the resistance level at $0.02075, the bulls may push the price to the next resistance point at $0.02860.
On the other hand, if the bears dominate the market, the altcoin is expected to retest the level at $0.01375.
