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The Gala price has plunged 10% in the last 24 hours to trade at $0.04169 as of 7:05 a.m. EST on a 22% drop in trading volume to $207 million.
Gala Price Signals A Bullish Trend Reversal
The Gala price shows signs of a turnaround from a long period of decline since reaching a high of $0.08714. It’s formed a double-bottom pattern, suggesting a shift towards a more positive trend, with the bullish candles at the $0.04318 level, which might push the price above the current resistance level.
GALAUSDT Analysis By Tradingview
Bulls have found support around $0.03997, giving them a chance to rally and recover losses. Overall, the Gala price has been on an upward trend since hitting the support level at $0.0281, with bulls gaining strength to push the price higher, especially around $0.0360.
Looking at the technical indicators, we see that the 50 and 200 simple moving averages (SMA) on the 4-hour chart are trading below the price. However, the moving average cross at $0.0237 confirms the general upward movement.
Although the Relative Strength Index (RSI) dipped, it shows signs of bouncing back from the oversold level of 30, currently at 41. Increased momentum should see the RSI climb back into the overbought zone past the 50 midline level.
Gala Price Bulls Gear Up For Another Bull Rally
The Gala price bulls seem ready for another upward surge. Recent green candles at $0.04318 suggest a possible turnaround, forming a double-bottom pattern. If things go as expected, this could fuel a bullish rally, potentially pushing the price past $0.07281 in the weeks ahead.
In the converse case, if the bears keep pushing, the bulls may seek refuge at around $0.04053.
An Attractive Alternative
Meanwhile, as the Gala traders gear up for a bull rally, investors are turning to buy 5thScape (5SCAPE), which recently rocketed past $5 million in presale.
5SCAPE aims to revolutionize the gaming industry by combining blockchain technology and virtual reality (VR) as the first-ever AR/VR mixed-reality crypto platform.
The project has already garnered significant attention, raising over $5.1 million in its presale and attracting the interest of industry analysts who predict substantial growth potential.
🌟 Introducing the VR Ambassador Program! 🚀
World of virtual reality with the 5th SCAPE VR Ambassador Program! 💫
Join as an "Early Whales" member and enjoy exclusive perks! 💎
Method
1️⃣ Invest $10K+ in $5SCAPE & amplify our voice online
2️⃣ Engage actively on social media… pic.twitter.com/cgIryEPsiT— 5th Scape (@5th_scape) April 1, 2024
The team is committed to making VR games that work smoothly on well-known VR headsets like Oculus Rift and Meta Quest 3 to maximize its market penetration.
Earn More Through Play To Earn And Staking
As part of the 5SCAPE ecosystem, token holders will have exclusive access to premium VR content and devices, including a proprietary VR headset and gaming chair.
Additionally, the staking mechanism offers in-game advantages, lifetime free access to the 5SCAPE ecosystem, and early access to new VR content and community interaction.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
Using the play-to-earn feature of 5thScape, investors have the opportunity to generate passive income by participating in Web3 games such as MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.
🚀 #5thScape's latest update on our MMA Cage Conquest game development! 🥊 Get ready for heart-pounding action and adrenaline-fueled battles as we push the boundaries of gaming realism! #MMA #ComingSoon🥊 #VRGaming #Bullrun2024 pic.twitter.com/n4OnGnnYQI
— 5th Scape (@5th_scape) February 12, 2024
The 5SCAPE token is priced at $0.00327. With the price set to increase in about six hours, act now if you are interested.
You can buy 5SCAPE on the official website here, using ETH, MATIC, USDT, BNB, or a bank card.
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