Crypto Gloom

GALA Price Prediction: GALA plummets 9% as traders eye this 2.0 Meme Coin in search of 1000x profits.

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By Crypto Gloom

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Gala prices have plummeted 9% in the last 24 hours. Traded for $0.0698 As of 8:45 a.m. EST, trading volume had plunged 61% to $558 million.

Gala Price faces corrective action

Gala PriceGala Price

GALAUSDT Analysis by Tradingview

Gala price faced a correction phase after experiencing rejection at the $0.0871 resistance level. This comes after the price surged significantly above the consolidated channel pattern at $0.0491.

However, Gala price is generally in an upward trend following the support level at $0.0281, which is encouraging the bulls to gather enough strength to push the price higher. More resilience appears as the bulls control the price at $0.0360 within the consolidation channel and push towards $0.0871.

However, the gala price shows signs of a price reversal, with a candle at the $0.0682 level, which could push the price above the current resistance level.

Analyzing technical indicators, we see that the 50 and 200 simple moving averages (SMAs) are currently supporting the overall trend, with the moving average crossover at $0.0237 confirming the upward momentum.

Despite a brief dip in the bearish trend, the Relative Strength Index (RSI) is showing signs of a rebound below the 61 to 70 overbought level. As momentum increases, RSI may jump back into overbought territory.

Gala Price Bulls Ready for Another Bull Rally

Gala price bulls are gearing up for another bullish rally as the green bullish candle at $0.0682 shows signs of a reversal. If this scenario plays out, the bulls will see a bullish rally that will help push the price past $0.0871 and reach a new high of $0.1 in the coming weeks.

However, if the bears continue their correction phase by taking advantage of RSI persisting below the overbought zone of 70, the bulls will find refuge at $0.0495.

As Gala price bulls prepare for another rally, traders are flocking to Sponge V2 meme coin for potential 1000X profits. The token aims to surpass its predecessor, SpongeV1, which exploded 100x since its launch during last year’s bear market.

SpongeV2 continues the legacy of SPONGE

Sponge V2 It represents the evolution of the famous SPONGE token. team goal It leverages the token’s past success and improves upon it by introducing new features.

Participate in SpongeV2 staking model and P2E games

Very excited for the release SpongeV2’s Money making racing game It is available in both paid and free versions. P2E games will provide more fun and addictiveness, and players will compete for rankings on global leaderboards. Rewards earned through racing are distributed as SpongeV2 tokens.

Investors who hold SpongeV2 tokens can also generate passive income by staking their earned SPONGE for annual percentage returns (APY) of up to 176% on Ethereum and up to 467% on Polygon. Currently, there are already over 9.1 billion tokens staked.

Analyst and cryptocurrency YouTuber Jacob Bury considers SpongeV2 one of the best meme coins to invest in this year, saying it has the potential to explode 1000x upon launch.

With SpongeV2 rumored to announce a new listing on a top exchange, interested investors should act quickly to secure the token before the hype around such a development is likely to push the price higher.

you can live SpongeV2 tokens are here..

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