2024

Bitcoin

Gala

<p>The post <a href="https://coinpedia.org/price-analysis/gala-price-signals-a-bullish-action-gala-to-surge-50-post-halving/" rel="noopener noreferrer nofollow">GALA Price Signals A Bullish Action! Gala To Surge 50% Post Halving?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>With the next <a href="https://coinpedia.org/beginners-guide/what-is-bitcoin-halving/" rel="noopener noreferrer nofollow">Bitcoin Halving</a> only 102 Blocks away, the cryptocurrency industry has entered into a consolidation phase, indicating weak buying and selling pressure in the cryptocurrency industry. Moreover, the market leader, Bitcoin price, continues to trade close to its support level at $61,000.</p>
<p>The Gala token has lost 25.23% within the past seven days and 20% over the past 30 days, indicating a bearish outlook for that altcoin this month. positively, the Year-To-Date (YTD) of this token stands at 45.49%, indicating a high possibility of a bullish reversal during the upcoming months.</p>
<h2 class="wp-block-heading" id="h-gala-price-hints-at-a-bullish-reversal">Gala Price Hints At A Bullish Reversal!</h2>
<p>The <a href="https://coinpedia.org/price-prediction/gala-price-prediction/" rel="noopener noreferrer nofollow">Gala price</a> started in the year 2024 with a neutral sentiment by trading in a closed range between $0.020 and $0.0286 for about two months. As the bullish influence in the market increased, top altcoins displayed a strong bullish reversal by adding significant value to their respective portfolio.</p>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/XDiw3iMa9VkRVllKsKbMqvmsGB684vEy2BavFLyf2VTWN41YH83tOTOWG3LfCPN6BHCaV93MzJsxoam3SbcHX2lEjPMV87IzWdnNXkLdPWAaKekBqbERDn5QECNswHRx1cvdaMIyl1boBqrKQ0PQAb0" alt="GALA Price Analysis">
 <figcaption class="wp-element-caption">
  TradingView: GALA/USDT
 </figcaption>
</figure>
<p>Following the pump, the GALA price recorded a surge of approximately 300%, after which the price faced rejection at the resistance level of $0.08285. Since then, the price has been trading under a bearish influence.</p>
<p>Positively, the <a href="https://markets.coinpedia.org/gala/" rel="noopener noreferrer nofollow">Gala token</a> has recorded a jump of 10% within the past day, indicating a high possibility of a bullish rebound during the upcoming week.</p>
<p>The technical indicator, MACD, displays a constant decline in the red histogram, indicating a decrease in the selling pressure within the crypto space. Moreover, the averages show a flatline, highlighting uncertainty in the future price action of this altcoin.</p>
<h2 class="wp-block-heading" id="h-will-gala-price-increase">Will GALA Price Increase?</h2>
<p>If the market breaks out of its resistance at $0.0475, the bulls will regain momentum and test its upper resistance level of $0.0585. Moreover, if the market favors the bulls after Bitcoin Halving, the GALA price will be prepared to test its upper resistance level of $0.07 during the upcoming week.</p>
<p>Conversely, if the bears overpowered the bulls, the Gala coin price would lose momentum and fall to test its crucial support level of $0.020 this month.</p>

GALA Price Signals A Bullish Action! Gala To Surge 50% Post Halving?

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