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The Gala price has roared back, surging 8% in the last 24 hours to trade at $0.0478607 as of 7:25 a.m. EST on a 5% drop in trading volume to $571 million.
The GALA price has been consolidating within a horizontal channel between $0.053 resistance and $0.038 support since April 12. However, analysts predict an upcoming bull rally as more investors flock to the token.
#GALAUSDT Bull Flag Pattern Detected! Potential upward breakout ahead. 🚀📈
The current price of #GALAUSDT is approximately $0.046391. $GALA has shown positive momentum recently, making it an interesting asset to watch. Keep an eye on potential price movements! 😊 pic.twitter.com/d7AbhKIrZP— Crypto Swing (@CryptoSwing7) May 29, 2024
Gala Price Descending Triangle Signals A Bull Rally
Gala’s price has been steadily falling as the bears continue to dominate the market. However, despite this decline, the bulls are holding strong, preventing further losses and establishing a stable support level at $0.03880 forming a descending triangle. Traders look to this pattern for a bullish trend reversal.
If the bulls can keep up this momentum from the support zone, they might aim to push the price back up to the previous high of $0.08526 to recover their losses.
The price has already broken above the descending triangle, and traders are awaiting a retest signal to enter more buy positions on the GALA price.
GALAUSDT Analysis. Source: Tradingview.com
The price indicators suggest a possible bully rally as the price slightly above the 50 and 200 simple moving averages (SMAs). Moreover, a moving average cross is possible, which might add to the general bullish momentum.
On the other hand, the relative strength index indicates a rebound from the 50 midline level to 70. Increased buying pressure should sustain the momentum into the overbought zone.
Gala Price Bulls Gear Up For A Fresh Bull Rally
The price of Gala is showing strong signs of a bullish trend, bouncing back from the support level at $0.04039. If this momentum continues, the price will rise to $0.06340. Breaking past this point might push it towards its all-time high of $0.8248.
However, if the bulls lose steam, the bears might step in and pull the price back down to the support zone at $0.04039. If it falls below this, the next support level to watch would be $0.03405.
A Potential Gem In Crypto Gaming?
As the Gala price climbs, investors are also flocking to new P2E token PlayDoge. Its presale has exploded, raising more than $2.3 million in nine days as crypto investors rush to board this retro gaming phenomenon.
PlayDoge is a mobile-based P2E game that turns the iconic Doge meme into a Tamagotchi-style virtual pet.
Introducing #PlayDoge – the only #P2E Doge companion! 🐶
Inspired by the legacy of #Tamagotchi, feed, train and play with your 2D Doge to earn $PLAY. 💰
Don't neglect your doge, his life's on the line 😲💀
Join the #Presale Now ⬇️https://t.co/JT0VEofqf2 pic.twitter.com/RoJYXLS1FH
— PlayDoge (@PlayDogeGame) June 3, 2024
Playdoge offers an immersive Play-to-Earn experience inspired by the beloved Tamagotchi concept. In this model, $PLAY tokens are a direct monetary reward for effectively caring for your virtual pet.
This innovative approach adds real-world stakes to the classic Tamagotchi experience, rewarding players for keeping their PlayDoge healthy and participating in fun mini-games.
Active engagement is crucial for maximizing earning potential, as neglecting your pet could result in it running away or perishing.
Keep your Doge happy and gobble up those $PLAY tokens! 🐶💰
The happier the pet, the stronger the rewards. Let's get playin'! 💪
Follow PlayDoge’s lead with our #Presale#PlayDoge #MemeCoin #BNB pic.twitter.com/w5HeXnQY0E
— PlayDoge (@PlayDogeGame) June 4, 2024
The project will operate on the BNB Smart Chain, which means lower fees and faster transactions. The BNB chain is recognized for its strong ecosystem support, interoperability, scalability, and widespread community adoption.
The Cryptonews YouTube channel says that PlayDoge ”is the best gaming project.”
PLAY tokens are priced at $0.00503. If you are considering investing, act fast — a price hike is due in just over two days, and sooner if it hits $2.55 million
Visit and buy PLAY tokens here using BNB, USDT or a bank card.
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