As the gaming cryptocurrency surged on Monday, Gala’s price has increased by more than 12% in the last 24 hours and is currently trading at $0.02036 as of 2:30am EST.
One of the cryptocurrencies with the strongest weekend performance was the GALA token, which increased by more than 34% between Friday and Sunday to a high of $0.0222. Impressive performances were also shown by other GameFi tokens, such as Axie Infinity (AXS), which is now climbing after increasing 16% to $5.79 during the previous day.
As can be seen in the above data, other gaming tokens like Decentraland (MANA) and The Sandbox (SAND), which had gains of 6% in the same period, are also among the top gainers today.
GALA Token’s 12% Surge: Gaming Platform’s Presale Success,GALA Token’s 12% Surge: Gaming Platform’s Presale Success
According to user X, during GALA’s relief rally that started on October 19, prices have broken above significant levels, including a significant falling trendline on the daily chart. captain fabic, With the most recent breakthrough, one cryptocurrency expert is positive on the token and is projecting a 380% price gain.
The price of Gala is up against significant barrier around $0.0215.
The four-hour chart displays a bullish flag formation in the price movement of GALA. This indicates that Gala price will gain 25% towards the chart pattern’s optimistic objective of $0.0261 if it breaks the flag’s resistance line at $0.0208.
GALA will encounter opposition from the psychological level of $0.024 before achieving its goal. Nevertheless, the token encountered instant resistance around $0.0215 and stayed in the $0.0205 range.
From August 14 to August 17, sellers fiercely guarded this supply level, posing the biggest challenge to the meme coin’s upward trend.
The IntoTheBlock In/Out of the Money Around (IOMAP) model supported the barrier’s tightness at $0.0215. Based on the on-chain statistic, it was seen that the resistance at $0.215 fell between $0.0209 and $0.0217, a price range in which around 1,420 addresses bought almost 89.99 million GALA tokens.
The direction that the token travels depends on this level. If the candlestick closes above this resistance, GALA will be able to attain the goal of the governing chart pattern that was previously identified.
The Moving Average Convergence Divergence (MACD) signal, which was rising, supported the optimistic picture. The fact that it is above the neutral line at 0.00104 indicates that the market is still dominated by bulls.
On the other hand, significant sell orders would be triggered by a four-hour candlestick closure below $0.0198, which is linked to the bottom border of the flag. This might cause GALA to drop below the recently formed support at $0.0193. The forecast to the north would be void if the price dropped below this level and reached $0.0176, the start of the flag’s post.
GALA Token’s 12% Surge: Gaming Platform’s Presale Success,GALA Token’s 12% Surge: Gaming Platform’s Presale Success,GALA Token’s 12% Surge: Gaming Platform’s Presale Success, GALA coin Crypto news, GALA coin News