Become part of our telegram Channel to stay up to date with breaking news
Gala price prediction shows that GALA is rising and it could break the $0.030 resistance if the bulls increase the pressure.
Statistics for the Gala forecast:
- Gala Price Now – $0.020
- Gala market capitalization: $734 million
- Gala Circulating Supply – 34.0 billion
- Gala total offer – 36.1 billion
- Gala Coinmarketcap Ranking – #88
It is often recommended to get into crypto projects early to capture potential profits. For example, Gala (GALA) has seen a remarkable rise since its all-time low. On December 28, 2020, the price of the token crashed to $0.000151. Today, it is up an astonishing 14,123.61%, demonstrating the significant opportunities that can arise from investing in a project at the right time.
GALA/USD market
Key levels:
Resistance Levels: $0.026, $0.028, $0.030
Support Levels: $0.012, $0.010, $0.008
GALA/USD has been trading inside a descending channel on a daily chart since March 9, 2024. Despite a brief false breakout, the price quickly returned to the channel, suggesting that the bearish trend remains intact. Recently, Gala price bounced off the channel’s support and is now approaching the channel’s resistance as well as a key long-term resistance level at $0.020.
Gala Price Prediction: GALA Price Ready for Uptrend
The daily chart shows that Gala price is fluctuating between the support and resistance levels of the channel, with the recent bounce suggesting that the price may soon reach the resistance levels of $0.026, $0.028, and $0.030. Meanwhile, the $0.020 level is particularly significant as it aligns with the channel’s resistance and represents a potential barrier that Gala must overcome to continue the upside momentum.
Nevertheless, GALA/USD is currently at a crucial moment with several resistance levels converging. A breakout above the $0.025 resistance could result in significant price gains, with a price target of $0.030 to $0.040 being targeted depending on the strength of the breakout. However, if the price drops below the 9-day and 21-day moving averages, it could result in a downturn, with initial support at $0.015 and further critical support levels at $0.012, $0.010, and $0.008.
GALA/BTC could trigger an uptrend
Compared to Bitcoin, Gala price is currently trading above the 9-day and 21-day moving averages, with an upward move suggesting that it could soon cross the upper boundary of the channel. The price is currently trading at 33 SAT, with the 9-day MA about to cross above the 21-day MA. However, the daily chart shows that Gala could see a decline after reaching a recent high of 34 SAT.
If the price starts to decline, the key support could be found at around 20 SAT or below, near the lower boundary of the channel. Conversely, if Gala sustains a move above the upper boundary of the channel, it could attract additional buyers and push the price towards the next resistance levels at 45 SAT and above.
Nonetheless, @cryptojack updated his 343k followers on X (formerly Twitter) highlighting that $GALA is bouncing off a key support level. He believes #GALA could see a significant increase from this point. Stay tuned for more updates!
The price of $GALA jumps from a massive support area and #gala will probably pump from here. Stay tuned! pic.twitter.com/nRpSc6FEbJ
— CryptoJack (@cryptojack) 23 August 2024
Gala alternatives
Gala price has seen a significant breakout from a major long-term descending channel, resulting in a notable rally and increasing the price by over 9%. However, the $0.018 level, which has acted as both support and resistance in the past, remains a critical obstacle that could influence future price movements. Meanwhile, Play Doge is a new play-to-earn mobile game that combines the popular Doge meme with a Tamagotchi-style virtual pet ecosystem. The game allows players to earn and use Play Tokens in a nostalgic 2D gaming environment where they care for and train their digital Doge companion. The concept leverages the historical success of Tamagotchi, which has sold over 82 million units worldwide, suggesting a potentially large and dedicated audience for Play Doge.
THIS PLAY-TO-EARN-DOGE PROJECT JUST RAISED $6.2 MILLION
With just days left until the official launch, now is the perfect time to invest in PlayDoge, a groundbreaking play-to-earn mobile game that has already raised $6.2 million in pre-sales. Combining the nostalgic appeal of the Doge meme with the popular Tamagotchi concept, this project offers a unique opportunity to participate in a thriving ecosystem while earning valuable Play tokens. With the pre-sale coming to an end, this is your last chance to secure a share of what could be an extremely profitable venture in both the gaming and cryptocurrency markets.
Visit PlayDoge
Related news
PlayDoge (PLAY) – Latest Launch on the BNB Chain
- 2D Virtual Doge Pet
- Play to earn Meme Coin Fusion
- Staking and in-game token rewards
- SolidProof tested – playdoge.io
Become part of our telegram Channel to stay up to date with breaking news
