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

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.

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. ✍️

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

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