Gala Price Prediction for Today, September 8 – GALA Technical Analysis

On Sep 8, 2024

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According to the daily chart, the Gala price prediction shows that GALA is heading toward the resistance level of $0.020 as the price remains within the moving averages.

Gala Prediction Statistics Data:

Gala price now – $0.018
Gala market cap – $584.9 million
Gala circulating supply – 34.2 million
Gala total supply – 36.2 million
Gala Coinmarketcap ranking – #89

Timing is crucial in cryptocurrency; the Gala token is a great example. After reaching an all-time high of $0.8367 in November 2021, it dropped by 97.99%. Yet, its all-time low of $0.000151 in December 2020 marked a turning point, with a massive 11,037.41% rise since then. Its price fluctuates between $0.01664 and $0.01822, highlighting its volatility and potential for future gains.

GALA/USD Market

Key Levels:

Resistance levels: $0.024, $0.026, $0.028

Support levels: $0.012, $0.010, $0.009

GALAUSD – Daily Chart

GALA/USD is currently navigating a descending channel on the daily chart, a pattern established in early March 2024. The coin is approaching the upper boundary of this channel, suggesting that a breakout or a rejection could occur soon. This technical formation indicates the potential for significant price movement shortly.

Gala Price Prediction: Gala Could Face the North

As the daily chart reveals, GALA is currently testing a key resistance level at $0.018. Historically, this level has served both as support and resistance, making it crucial for determining the coin’s future price direction. A successful breakout above this resistance could signal bullish momentum for GALA.

Meanwhile, if GALA manages to surpass the $0.020 resistance and break through the upper boundary of the descending channel, the next significant resistance level to watch is at $0.022. However, this level has historically acted as both resistance and support, overcoming it could lead to additional gains for the coin which could rally toward the resistance levels of $0.024, $0.026, and $0.028, while the supports could be located at $0.012, $0.010, and $0.009 respectively.

GALA/BTC Continue to Consolidate

Against Bitcoin, the Gala price is hovering above the 9-day and 21-day moving averages to face the upper boundary of the channel. However, if the Gala price continues with the bullish movement, its price may swing high above the channel to touch the resistance level of 44 SAT and above.

Gala Price Prediction for Today, September 8 – GALA Technical Analysis — GALABTC – Daily Chart

On the contrary, if the Gala price slides below the 9-day and 21-day moving averages, it could lead to the support level of 18 SAT and below. Nevertheless, the 9-day MA remains above the 21-day MA, suggesting bullish movement.

Meanwhile, @GlobeOfcrypto1 informed his followers on X (formerly Twitter) that GALA is currently testing resistance on a daily timeframe. A breakout could trigger a bullish move, potentially resulting in gains of 120-150% in the coming days. ✍️

$GALA
Testing resistance in daily timeframe.
Breakout can provide 120-150% Bullish move during coming days ✍️#GALA #GALAUSDT #Crypto pic.twitter.com/zZLZ2Mz53t
— Globe Of Crypto (@GlobeOfcrypto1) September 8, 2024

Alternatives to Gala

The price of Gala has been trending upwards since the European session, with the market moving to break above the 9-day and 21-day moving averages. If GALA/USD successfully crosses the upper boundary of its current channel, traders could see the price reach the nearest resistance level at $0.020. Meanwhile, Pepe Unchained (PEPU) has raised $12.4 million in its presale, as investors rush to acquire discounted PEPU tokens. With growing interest from crypto whales, many anticipate a highly impactful launch later this year. The project stands out for its low transaction fees and instant execution, positioning it as a major improvement over previous meme coins.

Pepe Unchained – The Next Breakout Meme coin

Pepe Unchained offers a unique opportunity for investors looking to maximize their returns, with potential gains ranging from 10x to 100x on investment. With its advanced features like low transaction fees, instant execution, and a Layer 2 blockchain for enhanced speed and security, Pepe Unchained stands out from other meme coins.

Visit Pepe Unchained