Gala Price Prediction: GALA Soars 24% In A Week, But This New GameFi Coin Is Knocking Its Presale Out Of The Park

Updated: 31 October 2023

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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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The GALA price has skyrocketed by an impressive 24% in the past week and traded at $0.1921 as of 11:15 a.m. EST as trading volume slipped to $130 million in the past 24 hours.

Analysts attribute the surge in price to various factors, including positive market sentiment, favourable news about the token, and increased adoption by investors and traders.

Bullish Momentum Fuels Under Double Bottom Pattern

GALA Price Chart — GALAUSD Price Chart by Tradingview.com.

Its price has rebounded from a support level of $0.012 and broken out of a descending channel. The support level played a crucial role in forming a double-bottom pattern, which is a bullish trend signal.

The pattern has propelled the price above the 50-day Simple Moving Average (SMA), supporting and confirming the shift toward a bullish trend. That’s a promising sign for GALA’s future price movement.

But the price underwent a slight downturn after the upward momentum encountered a significant obstacle at the price level of $0.022, which is higher than the descending channel. If the bulls weaken and the price goes through a bearish correction, it will probably pull the price down to the support zone of $0.017.

Bulls May Set Their Sights on the $0.03 Price Level for Gala

There has been a transition in the relative strength index (RSI) from 34, showing a bullish outlook. The RSI has moved from below the neutral 50 mark to now being in the overbought zone at 72.

If the bullish momentum continues beyond the overbought threshold, it may cause a price breakthrough above the resistance level of $0.022 and eventually reach the 200-day SMA.

An upward momentum may cause a breakthrough at the current resistance level. This might spark a rally by keeping the price above the upper boundary of the wedge. Consequently, it could attract more buyers, leading to further upward movement and the possibility of reaching new highs at $0.030 and $0.035, respectively.

GALA’s price might go down to $0.0176 if bears use the $0.022 resistance level, and if it drops below the support trendline, it could fall further to the $0.012 support area.

Meanwhile, Meme Kombat has gained significant market attention because of its unique presale strategy and staking features, making it a potential alternative to GALA.

Meme Kombat (MK): Close to $1M Goal

Join the Meme Kombat (MK) presale now. The presale has raised $921,814.22 and is closing in on its $1 million fundraising target.

The presale is set to end in less than two days, giving investors a limited window to invest at the current price of $0.1667 per token. After November 2, the price will increase to $0.1833 per token.

🔥 #MemeKombat UPDATE 🔥

Staged Presale = ON

▪️ NOW: 0.1667 USD
▪️ Nov 2nd: JUMPS to 0.1833 USD

The timer is set! Secure your $MK before the rise! ⏰ pic.twitter.com/LMreT8M2Ce

— Meme Kombat (@Meme_Kombat) October 23, 2023

Meme Kombat’s unique platform blends the potential of memes and artificial intelligence (AI) to create a competitive ecosystem on the Ethereum Network. It stands out from other platforms by offering staking-to-earn and play-to-earn options.

During the presale stage, Meme Kombat provides investors with automatic staking opportunities, diverse betting choices, and a well-designed tokenomics model, which ensures its sustainability in the long run.

Take Advantage Of The Low Price and Invest In MK Tokens Now.

Buying the MK tokens at this stage offers the opportunity to enjoy a generous Annual Percentage Yield (APY) of 112%. Additionally, the MK project has set aside 30% of the token supply for staking and as rewards for battle participants.

Presale just cruising up to $900k and not looking to slow down🏎️

Another brilliant video by @cryptonews!
Full video 👉 https://t.co/s60P6dheWL $MK #MemeKombat pic.twitter.com/GZ9CwCkOrn

— Meme Kombat (@Meme_Kombat) October 30, 2023

Meme Kombat allows you to engage in contests with other meme enthusiasts and bet your tokens on your favourite memes. By participating in these contests, you enjoy the thrill of competition. Besides, you also earn rewards for your knowledge of popular memes.

If your selected meme wins, you can stake a portion of the prize pool and share the winnings with other participants in the wager with you. Therefore, with Meme Kombat, you showcase your meme expertise and win big while having fun.

Renowned YouTuber Jacob Crypto Bury, with 23.2K subscribers, provides an in-depth analysis of Meme Kombat’s features. He shares invaluable guidance on optimizing the staking function. Moreover, he explores the platform’s advantages and recommends ways to leverage its capabilities fully.

Join the MK community today and get the exclusive MK tokens! Link your Web3 wallet on their website and buy MK tokens with ease. MK accepts ETH, BNB, and USD (ERC-20 and BEP-20) as payment methods. Visit the MK website now!

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