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The Gala price has surged 45% in the last 24 hours to trade at $0.04011 as of 12:05 a.m. EST, on a 67% surge in trading volume to $499 million.
Gala Games is a Play-to-Earn (P2E) project in the gaming blockchain that provides players with rewards in its native utility token, GALA, which can be used to buy items, make peer-to-peer transactions, and incentivise nodes.
Gala Price Poised For Bull Rally, Breaks Above Cup And Handle Pattern
GALAUSDT Analysis By Tradingview.com
The Gala price is on an uptrend after a series of downtrends characterized by lower lows and lower highs. The support level at $0.01308 has helped the bulls gather enough force to push the price up to recoup their losses.
However, the resistance level at $0.03613 led to a short-term price decline as the bulls showed resilience, taking control of the price at $0.02155 and pushing it above the resistance level to $0.04330 in a general momentum.
Besides that, the price has formed the cup and handle pattern, which indicates a continuation of the bullish trend. The price is currently trading above the cup and handle neckline, which shows that bulls are in for a long-term bull rally.
The technical indicators also support the price momentum. The bull’s strength is seen in its ability to fly the price past 50-day and 200-day simple moving averages (SMA). The moving average cross at $0.02155 also affirms the bullish momentum.
The rebound on the $0.02155 support zone has helped the Relative Strength Index (RSI) trend upwards from the oversold region to 76 in the overbought region. This indicates intense buying pressure for the Gala price.
Gala Price Bulls Regain Control, Poised For A Bull Rally above $0.05092 High
The bulls’ resilience at the support zone of $0.02155 has led to renewed strength by the bulls to push the price up in a bull rally to reclaim the April 2023 high at $0.05092. However, due to the presence of the cup and handle pattern, a further push above this level could see the price touch the $0.6313.
However, if the bears intervene, a correction to the cup and handle neckline at $0.03613 would be inevitable, forcing the bulls to find a haven.
Meanwhile, as Gala continues its bullish stance, investors are showing much interest in the potential of Scotty the AI, which combines the power of AI with a cute, dog-themed meme coin.
SCOTTY: The Best Meme Crypto To Buy This Year
Scotty the AI is an AI-powered meme coin that aims to protect investors from the growing cybercrime in the Web3 space. Due to its dog-themed nature and its utility in protecting investors from cybercrime, analysts say SCOTTY has the potential to become a top meme coin.
This new Ai coin is set to explode when it launches.
Check out YouTube video below👇
Buy Presale herehttps://t.co/zRmy4g8hfWhttps://t.co/I24oqlAk5G@ClayBro883 #memecoin#bitcoin #Ai pic.twitter.com/QsZvv7aBnI
— Scotty The Ai (@ScottyThe_Ai) February 25, 2024
The project utilizes AI models to analyze code and identify potential security vulnerabilities. To help achieve this endeavour, the project combines advanced machine learning technology in useful applications like Scotty Swap, a decentralized exchange that ensures secure token trading by analyzing smart contract code.
The project also uses Scotty Chat, a neat AI chatbot designed to help investors navigate the expanding crypto sector and identify potential threats.
Scotty The AI Presale Gains Momentum, Closes In On $1 Million Goal
The SCOTTY presale has already raising over $944,000 as it rapidly close in on its $1.023 million goal. Currently, at stage 7, you can buy SCOTTY at a discounted price of $0.00605 on the project’s official website.
🚨 ScottyTheAi # 1 #memecoin of 2024
investors taking advantage of cheap prices at Stage 7🚀Less than $150k left. Until price increases at stage 8
⚠️looking like stage 7 will sell out days ahead of time like pervious stages.
BUY $SCOTTY presale at https://t.co/zRmy4g8hfW… pic.twitter.com/2vfJDwdhtb
— Scotty The Ai (@ScottyThe_Ai) February 27, 2024
You only need a compatible digital wallet to swap your ETH, USDT, bank card, BNB, and MATIC. However, you need to buy fast, as SCOTTY’s price is set to increase in about 7 days.
Leveraging AI technology, SCOTTY taps into the hype around two of the hottest crypto market themes: meme coins and AI cryptos. That’s a key reason why YouTube analysts Michael Wrubel and Jacob Bury are so bullish on SCOTTY, citing its potential to explode on launch.
Visit the official website to buy SCOTTY tokens.
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