GALA Coin: $0.050 Target and Price Prediction for End of 2024!

Bittime - Movement GALA price has recently attracted the attention of traders, as technical analysis shows the potential for further price increases. 

GALA briefly soared to nearly $0.030 (around Rp. 477) before falling again and trading at $0.0248 (around Rp. 394). 

The previous level is still above key resistance, indicating the possibility of a continued upward move.

GALA Coin Technical Analysis: Resistance at $0.030?

Analysts are closely watching the market as GALA continues to hold around a key support level. This indicates the possibility of a continued bullish movement.

Technical Indicators Show Unclear Signals

- GALA/USDT's daily chart shows a golden cross pattern, which signals a buy signal when the 9-day average crosses above the 21-day average. 

- This pattern is usually considered a bullish signal indicating the possibility of further upside if GALA remains above $0.0247 (around Rp. 392).

- However, if GALA declines from the resistance level of $0.030 (around IDR 477), this could signal a sell-off to take profits or short-term resistance. 

Analysts are of the opinion that GALA coin needs to stay above this support level for the price rally to continue.

- Additional support is around the 21-day MA at $0.0231 (around IDR 367), which offers a stop-loss level if the price falls. 

- If the price breaks below this level, GALA could fall to a low of around $0.0211 (around IDR 336). 

- The Money Flow Index (MFI) is currently at 64.08, indicating that buying pressure is more dominant than selling pressure.

GALA still has the potential to move up because MFI is not yet at the overbought level; however, some analysts believe that a reversal is possible if buying interest decreases.

GALA Coin Price Predictions from Crypto Analysts

GALA Coin Prediction Analysis by TamngwaB: Potential for $0.50?

Technical analyst TamngwaB notes potential resistance levels that GALA might target if price remains supportive at current levels. 

With strong buying interest, GALA could push the price towards $0.034 (around Rp. 539) or even reach TamngwaB's target in the range of $0.040 (around Rp. 636) to $0.050 (around Rp. 795).

He explained that if the $0.0225 (around IDR 358) level is broken down, GALA might reverse to a lower support level around $0.0175 (around IDR 278), which would weaken the bullish outlook.

GALA Coin Prediction Analysis by CW8900: GALA Needs Bitcoin Stability

Analyst CW8900 also commented that the token will rise to $0.038 (around Rp. 604) if the latest correction is completed. 

This target corresponds to resistance levels outlined by other analysts and reflects a moderate bullish view of the GALA token.

However, CW8900 emphasized the importance of overall market stability for GALA, as the project's performance is highly dependent on changes in the broader crypto market, especially Bitcoin.

Read too Calculator 1 GALA to IDR

Bitrue Integrates GalaChain, Increasing GALA Trading Potential

To increase the accessibility of the GALA market, crypto exchange Bitrue recently integrated the GalaChain mainnet for GALA trading. 

Various Attractive Benefits for GALA Holders on Bitrue

Bitrue becomes the first exchange to offer direct trading, deposits, and withdrawals of GALA on GalaChain, eliminating bridge fees.

By allowing users to trade GALA for various tokens directly on GalaChain, Bitrue provides an attractive alternative for GALA holders looking for a more cost-effective trading experience.

Integration with Exchanges Aligned with GALA Project Values

This integration is in line with the Gala Games ecosystem's goal to simplify blockchain access, especially in the gaming sector. 

Direct transactions on GalaChain align with the ecosystem's goals of lowering fees and improving user experience.

Adoption That Could Increase the Value of GALA Coin 

Bitrue's adoption of GalaChain could be a harbinger for other exchanges, potentially increasing GALA adoption by making the token more accessible to a wider audience.

Read too PUFFER Price's Latest 40% Hike: What's Driving This Surge?

Conclusion

With potential price increases visible and new integration on GalaChain, GALA is showing positive signs for the end of 2024. 

Investors and traders must continue to monitor these developments to take advantage of existing opportunities.

FAQ about GALA Coins

1. Is GALA a good coin to buy?

GALA currently shows potential for long-term growth, despite some challenges in the market. 

According to analysis from DigitalCoinPrice, now is a good time to buy GALA, despite mixed signals from technical indicators. 

GALA is predicted to reach a price of around $0,084 (around Rp. 1,336) by the end of 2024 if this project succeeds in attracting the attention of large investors and carrying out significant collaborations. 

However, it is important to remember that the crypto market is highly volatile, and investment decisions should be based on in-depth research.
Source: DigitalCoinPrice

2. Can GALA coin reach $1?

Although GALA has potential for growth, reaching $1 (around Rp. 15,900) in the near future seems unrealistic. 

Long-term price projections suggest that GALA may reach a maximum price of around $0.625 (around Rp. 9,935) in 2030. 

To reach $1, GALA will need to experience very significant and sustainable growth, which will depend on widespread adoption and development within the Gala Games ecosystem.
Sumber: CoinCodex

3. What is GALA coin?

GALA is a utility token built on the Ethereum blockchain and used in the Gala Games ecosystem, which is a blockchain-based gaming platform with a play-to-earn model. 

GALA allows users to purchase non-fungible token (NFT) items on the Gala Shop, as well as participate in decision-making within the network.

Gala Games aims to give players more control over their in-game assets, and GALA serves as a tool to obtain and trade in-game items.
Sumber: CoinDesk

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Reference

Olivia Stephanie, Analysts Target GALA Price at $0.050: Possible or Not?, accessed November 26, 2024

Elena R, GALA Price Prediction 2024, 2025 – 2030: Will Gala Price Record 2X Surge This Year?, accessed November 26, 2024

Author: IN