Gala Price Forecast: GALA Climbs 20% As TGC Closes On $1.5 Million in Presale

Updated: 26 October 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Gala price is up more than 20%, steered by a 24% surge in trading volume over the last 24 hours. At 11.30 am EST the coin was trading at around $0.0173.

The gaming token is trending on Crypto X, featuring among the hottest coins alongside Dogecoin (DOGE) and Pepe coin (PEPE). The surge has seen traders who had opened long positions for the GALA token rake in significant profits.

GALA ( Long trade 50x ) 750% profit book oct 26, 2023 https://t.co/H6P1D1qGM3 #galausdt #gala

— Live Day Trader (@LiveDayTrader1) October 26, 2023

Gala Price Breaks Out From Bearish Technical Formation

Even after a rejection from the $0.02000 psychological level, the Gala price remains bullish, with momentum still rising. This is indicated by the Relative Strength Index (RSI), which continues to move north even after breaching the 70 level. The GALA token is overbought at this position but may not be ripe for selling as the upside potential remains very much alive.

Increased buying pressure could see Gala’s price reclaim above the $0.02000 psychological level, with the potential to extrapolate the gains toward the 200-day EMA at $0.02378. In a highly bullish case, the uptrend could see the token’s value reach $0.02500, 35% above current levels.

The Awesome Oscillator (AO) has forayed strongly into the positive zone with a pronounced green histogram bar as the bulls tighten their grip for GALA. This adds credence to the bullish thesis.

On the other hand, after a 45% climb from the demand zone, which extends from $0.01386 to $0.01230, investors who bought GALA around this buyer congestion order block are likely to start booking profits. The ensuing selling pressure could see the crypto’s price lose the support at $0.01573 or, worse, the critical support offered by the 50-day EMA at $0.01516.

Meanwhile, forward-looking investors have shifted their gaze to TGC, the powering token behind the TG.Casino ecosystem.

The $TGC presale is live – your golden ticket to exclusive rewards and benefits from casino profits.
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— TG Casino (@TGCasino_) September 29, 2023

Promising Alternative To GALA

TGC has presented itself as the ideal alternative for GALA and many other cryptocurrencies. This is because of its unique operating dynamics. Its ecosystem, the TG.Casino, is an exclusive avenue for online, anonymous crypto gambling, with the website adding that its “Fully licensed and 100% safe.”

Investors can buy TGC for $0.1375 using Ethereum (ETH) or Tether (USDT) stablecoin, or a bank card. This price tag only stands for the next five days before the price increases. The tokens are selling fast, with more than $1.5 million already collected, constituting around 60% of the target.

Can't believe we hit $1.5 million raised in presale👏 👏

TG Casino is reaching new heights every day! $TGC pic.twitter.com/inIywJOu9q

— TG Casino (@TGCasino_) October 26, 2023

Buy the TG.Casino token in the presale and explore various passive income options, including staking for high rewards.