Lokesh Gupta
11-03-2024
GALA token's analysis on the GALA/USDT chart reveals a descending trend from late 2023, which was broken in February.
The Gala token recently broke out of a falling wedge pattern, resulting in a sharp spike on the daily charts.
This breakout marks the end of the lower high formation, surpassing the peak of $0.071 observed in August 2022.
GALA token's price chart depicts a significant jump from the $0.05000 mark.
Over the last 2 weeks, GALA's price trend has witnessed an impressive 173% surge.
Additionally, the GALA price trend is displaying a reversal rally with a double bottom pattern.
The ongoing bull run is evident in multiple consecutive green candles on the weekly chart.
According to Fibonacci levels and supply zones on the weekly chart, potential significant gains are anticipated, with resistances projected at $0.20 and the 50% Fibonacci level at $0.36.
As per Coin Gabbar analysis, GALA Price Prediction 2030 will trade around $2.50, while GALA Price Prediction 2040 may hit $5.
KEY LEVELS :
RESISTANCE LEVEL : $0.09000-$1.2000
SUPPORT LEVEL : $0.06000-$0.04500
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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