GALA Head Towards $0.03 Resistance Level With $148M Volume – Potential Bullish Run

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GALA, a cryptocurrency, is gaining momentum as it heads towards the $0.03 resistance level, with a substantial trading volume of $148 million.

The trading volume is up today by 100%. This development suggests the possibility of a bullish run shortly. Meanwhile, GALA is the primary utility token within the Gala Games ecosystem.

It acts as the primary means of acquiring NFT items, rewards Founder’s Node operators for their operational efforts, and functions as the Gas token to cover network fees on Gala’s blockchain.

Recent Price Trends of GALA

Since the start of 2023, GALA has exhibited price fluctuations. It began the year at $0.22 and gradually climbed to $0.28 by the end of March.

The bullish momentum persisted in Q2, and the token experienced a significant surge, peaking at $0.72. However, this bullish momentum subsided, leading to a correction and a drop to $0.47 by the end of May.

Throughout June and early July, GALA demonstrated stability, trading around the $0.50 range. Presently, GALA maintains a resilient position with a value of $0.02, 24 hours price change of -1%.

Indicators Signal Potential Bullish Moves

The chart shows that the trading GALA/USDT pair has been below the 200-Day Simple Moving Average (SMA) for 76 days, which serves as a resistance level.

However, the 50-Day Simple Moving Average (SMA) signals potential bullish moves as the price breaks above the SMA and heads toward the 200-Day SMA.

Additionally, the asset’s Moving Average Convergence Divergence (MACD) trading above the signal line confirms the bullish sentiment. The histogram bars show green candles above the zero line, suggesting increased buying activities.

Furthermore, the Relative Strength Index (RSI) value is at 56.17, suggesting that the asset’s price has experienced moderate upward momentum but is not yet considered overbought.

This value indicates a relatively balanced market condition, indicating the potential for further price growth without reaching extreme levels.

GALA Support and Resistance Levels

The chart above provides insights into the GALA/USDT market structure, revealing the formation of a bullish trendline that acts as a crucial support level.

A break above the significant resistance level of $0.03 would signal the presence of bullish pressure, presenting a potential buying opportunity for traders.

Should the price surpass the primary resistance level, it could trigger substantial buying activity. The subsequent resistance level to monitor is situated at $0.049.

It is worth noting that GALA has experienced a bearish trend since April 18, leading to a decline in price, with the coin reaching a low point of $0.018 on June 10.

GALA Price Predictions: Expert’s Analysis

CryptoPredictions.com has provided a more positive outlook for GALA, projecting a potential price of $0.0495 by December 2023 and a further increase to $0.068547 by the end of 2024.

Their forecast for 2025 anticipates GALA starting the year at $0.07 and closing at $0.085. WalletInvestor has deemed GALA a promising long-term investment and presented a more optimistic forecast than CryptoPrediction.

Their predictions indicate GALA reaching approximately $0.233 within one year and possibly up to $0.936 within five years. Their GALA price projection for 2025 is $0.682 by Year-End.

According to CaptainAltCoin’s price prediction for the GALA token, looking ahead to 2025, the prediction suggests a valuation of approximately $0.1739 for GALA but cautions that there may be a significant drop by April 2028, possibly reaching $0.096.

Recent Happening Within the Gala Ecosystem

Web3 Social Media Network Coming to GalaChain

In a recent press release, GALA announced the upcoming launch of Rep, an innovative web3 social media network that will be integrated into its GalaChain.

This exciting endeavor aims to showcase the immense potential of GalaChain, broaden the reach of the Gala Games ecosystem, and enhance the overall Gala Games experience through advanced social functionalities.

The introduction of Rep, a web3 social media network, within the GalaChain ecosystem is expected to increase the adoption and engagement of Gala Games.

This expanded user base and enhanced user experience can positively impact the demand for GALA tokens, potentially driving an upward price movement.

Gala’s Blockchain President Optimistic About GALA’s Potential to Enter Top 25 Rankings

During a recent interview, the President of Blockchain at Gala Games, Jason Brink, discussed the distinguishing factors that set Gala apart from its competitors.

Brink emphasized that Gala’s unique strength lies in the team’s capability to provide real games to the Web3 community, which he called their “secret sauce.”

Brink highlighted that one of the common misconceptions about GALA is that it is solely a metaverse token, but in reality, it goes beyond that.

While GALA emerged during the metaverse boom, its core objective is to provide actual games that offer immersive experiences to users.

Furthermore, Brink emphasized Gala’s commitment to user experience, recognizing the importance of user-friendly interfaces and enjoyable gameplay for widespread adoption.

Gala aims to rank among the top 25 projects regarding utility and creative output by prioritizing user experience. Apart from focusing on games, Gala has also made notable progress in other entertainment sectors.

The project has expanded into film and music, with several feature-length film projects developing and exciting advancements in the Gala music ecosystem.

Thug Life ($THUG) Set to Explode

Analysts are hailing $THUG as a prominent investment opportunity in the realm of “shitcoins” for 2023.

The token debuted on July 17 at 12:00 EST, and after its launch, it is available for trading on major decentralized exchanges (DEXs) built on the Ethereum network.

Participants who participated in the successful presale will have the opportunity to claim their tokens. The presale phase of Thug Life Token successfully concluded over the weekend, surpassing $2 million in funding within two weeks.

This achievement highlights the continued robust demand for the token as it prepares for its official launch. Traders who have not yet obtained $THUG are advised to act promptly upon its availability, as the anticipation and pent-up demand could potentially drive its price significantly higher than the presale level.

Thug Life Token is centered around the influential Thug Life culture that gained prominence through hip-hop legends such as Snoop Dogg in the 1990s.

Positioned as the “baller’s meme coin” on its official website, $THUG empowers users to adopt a gangster mindset and maximize their financial potential within the crypto market.

Thug Life Token, referred to as $THUG, enables individuals to embrace their inner thug and generate wealth in the crypto space. Also, the community-driven crypto platform enables users to bounce back from setbacks and prepare for future victories.

The coin aims to list a range of centralized and decentralized exchanges. The primary target for Thug Life is to reach a $100 million market cap.

Features of Thug Life ($THUG)

Although there are no guarantees regarding Thug Life’s potential, many investors believe this project will become the next meme coin to go viral. Here are the features of thug life that can motivate investors to purchase $THUG.

Cost speculation

The possibility of price increases is one of the key reasons investors would desire to purchase $THUG during the presale. Thug Life’s price may skyrocket following launch, much like Pepe, Sponge, ArbDoge AI, and other recently popular meme currencies.

Community of memes

Although $THUG has no practical use, it does signify membership in a group of traders and investors that share similar views on meme coins.

To survive the ups and downs of the cryptocurrency market, members of the Thug Life group are advised to “thug up,” cling to their tokens, laugh off losses, and stick together.

Analysts Support the Potential of $THUG Token for 100x Returns

According to the official website of Thug Life, the project aims to assist its community in transforming previous losses into future gains by capitalizing on missed opportunities in the meme coin market.

Thug Life’s playful nature, unique inspirations, and carefully designed tokenomics have garnered predictions of potential returns 100x from some analysts.

Notably, popular YouTubers like Michael Wrubel, with over 300K followers, and Crypto Gem, with over 67K followers, have created videos envisioning significant growth of 100x for the $THUG token.

However, with the presale concluding in less than 48 hours, the opportunity for investors to participate at a price of just $0.0007 is diminishing.

Consequently, acquiring the Thug Life token will only be possible through decentralized exchanges (DEXs), Thug Life airdrops, and giveaways.

Thug Life ($THUG) presale

The presale for the project started on June 28 and surpassed its $2.058 million hard cap sooner than anticipated.

During the weekend, the Thug Life Token presale ended, indicating that there was still a sizable unmet demand for the token before its launch.

The cost to list Thug Life on Uniswap is $0.007 for interested investors. The launch will be broadcast live on the team’s official Telegram channel.

How to Purchase Thug Life ($THUG)

Investors can purchase $THUG tokens from Uniswap during the IDO, which began at 18:00 CET on April 16. The presale for the token was completely sold out in less than three weeks.