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The Gala price has surged 21% in the last 24 hours and 70% in the past week to trade at $0.0752 as of 12:45 a.m. EST on a 107% surge in trading volume to $1.68 billion.
Gala Price Rallies Above Cup And Handle Pattern
GALAUSDT Analysis By Tradingview
The Gala price exhibits significant spikes above the cup and handle pattern as bullish momentum drives the price upward, indicating a long-term bull rally. The cup and handle pattern indicates a continuation of the bullish trend.
Following an extended downtrend, the support level at $0.01308 empowered the bulls to muster sufficient strength to propel the price upward to recover their losses.
The bulls showed more resilience, taking control of the price at $0.02155 and pushing it above the resistance level of $0.04330 to $0.0897, surpassing the January 2023 high at $0.0634.
However, the Gala price indicates some signs of price reversal, with the presence of the red candles on the 4-hour chart.
The technical indicators are also bullish on the price as the bull’s strength is seen in its ability to fly past 50-day and 200-day simple moving averages (SMA). The moving average cross at $0.02155 also affirms the bullish momentum.
Despite the short decline in its bearish trend, the Relative Strength Index (RSI) has rebounded from the 70 overbought levels to 76. This indicates intense buying pressure for the Gala price.
Gala Price Might Decline In The Short Term
The bulls’ resilience at the support zone of $0.02155 has led to renewed strength by the bulls to push the Gala price up in a bull rally past the January 2023 high. The cup and handle pattern offer further push above this level, which could see the price touch $0.1 in the upcoming weeks.
However, the bears might intervene in the corrective phase, capitalizing on the sustained RSI in the overbought region of 70, which would be inevitable, forcing the bulls to find a haven.
As the Gala price surges, many investors are looking at eTukTuk token, a presale focussed on a greener future for transportation in developing countries.
eTukTuk Presale Closes In On $2.1 Million Goal
The eTukTuk presale has swiftly surpassed $1.9 million in funding as it closes on its $2.1 million goal, with investors uniting to support its environmentally friendly, blockchain-based vision.
The project aims to substitute polluting combustion-engine Tuk Tuks (compact three-wheeled vehicles) with AI-powered electric Tuk Tuks, and build a network of environmentally friendly charging stations.
1/ In a collaboration between Fraunhofer IPA, Black Forest Campus, and industry partners, the "H2FastCell" project introduces a game-changing robot duo for rapid fuel cell stack assembly 🚀 pic.twitter.com/8sQCpwY6ZW
— eTukTuk (@eTukTukio) March 8, 2024
Stake And Play-To-Earn For Lucrative Rewards
eTukTuk’s staking program promises investors 128% APY on staked TUK tokens. The allure of substantial rewards has led to over 39 million TUK tokens being staked.
Introducing Buy and Stake mechanism, get $TUK tokens and instantly stake them, initiating a dynamic APY.
Early stakers enjoy higher returns as APY adjusts with participation, encouraging early adoption and a fair, enticing incentive structure for all. 💫 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
Fueling excitement around the project further is the upcoming launch of eTukTuk’s play-to-earn (P2E) game, which will seamlessly incorporate into the project’s ecosystem.
Drawing inspiration from classics such as Crazy Taxi, the game will immerse players in the lively streets of Sri Lanka as they ferry passengers to different locations, earning $TUK tokens upon completing missions successfully.
1/ As our world races ahead, personal vehicles surge, bringing environmental challenges. But there's hope! 🚗❌
Today, we explore cities championing eco-friendly public transport.
Buckle up! 🌿 pic.twitter.com/joRizVjYRh
— eTukTuk (@eTukTukio) February 7, 2024
YouTuber Cilinix Crypto raves about eTukTuk’s utility.
And Alessandro De Crypto, a crypto analyst and Youtuber, says that eTukTuk has the potential to soar on launch.
https://youtu.be/xZ_0oB23xvs
Investors can buy TUK tokens for $0.028 before the price increases in about seven days. But the risk is it sells out sooner, so interested investors should act swiftly to secure tokens for the best price.
Visit the official eTukTuk website to buy TUK tokens. You can exchange BNB or USDT for TUK tokens or buy them directly using your bank card.
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