Lokesh Gupta
19-04-2024
#Gala token recently demonstrated resilience at $0.044, bouncing off the $0.039 support level amidst significant volatility.
#Gala price faced selling pressure, dropping to 200-day moving average after reaching $0.0867 peak on March 10, 2024.
Gala's price has been met with resistance from a descending trendline, indicating dominance by sellers in the market.
Recent days have witnessed approximately a 35% decline in Gala's price, largely influenced by resistance from the trendline.
In the daily timeframe, $GALA has formed a descending triangle pattern, finding support at the 200-day exponential moving average.
The recent 14% surge in Gala token price over 24 hours suggests a potential bullish rebound in the upcoming week.
If the market manages to surpass the $0.0475 resistance level, it could trigger bullish momentum pushing the price towards $0.0585. Post Bitcoin Halving, $GALA may target $0.07 next week.
Conversely, if bears dominate, Gala's price could drop to $0.020 this month, testing crucial support levels.
As per Coin Gabbar analysis, GALA Price Prediction 2030 is anticipated to reach roughly $2.50, while GALA Price Prediction 2040 might skyrocket to $10.
KEY LEVELS :
RESISTANCE LEVEL : $0.05000-$0.5800
SUPPORT LEVEL : $0.03300-$0.02300
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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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