- GALA experienced a 36% drop in the past 30 days, with a 7% decrease over the last week.
- Crypto analyst predicts a potential price surge of up to $0.71, suggesting a possible 3,750% increase from current levels.
- Analyst notes GALA’s breakout from significant resistance and stable support levels as bullish signs, indicating a strong uptrend.
GALA is currently navigating a critical phase that could set the stage for a substantial upward movement. Following a recent low of $0.01385, the token indicated stability at this level. The cryptocurrency, despite its lacklustre performance in the short term, characterized by a modest increase, remains under close scrutiny by analysts and investors alike.
In the last 30 days, GALA has dropped almost 36%. Reflecting broader market trends and volatility, the token has had trouble picking up. Since last week, the token saw a drop of almost 7% as gears of uncertainty continued to stir up for its short-term movement.
The token now trades at $0.015963. Notably, its 24-hour trading volume sits at $366.79 million, indicating investor interest continues to sustain despite recent challenges. Its market capitalization is around $499.59 million, with a market dominance of 0.02%. The token’s price has declined 4.70% over the last 24 hours.
GALA’s Price Could Skyrocket 3,750% to $0.71
Renowned crypto analyst Javon Marks has recently shared an optimistic forecast for GALA’s price trajectory, suggesting a potential astronomical rise in the near future. Here, he notes that the token has finally managed to break out of a major resistance structure under which the current price levels were held well above key support areas.
This breakout is seen as a really strong, bullish indicator, setting up GALA for what could be a big uptrend move. The token according to Marks, is on pace to hit a breakout target of around $0.71. The analyst points out that GALA’s recent price behavior, characterized by higher lows, is a sign of a strong uptrend.
This is an indicator that the token is likely to keep going up, possibly making a tremendous climb exceeding 3,750% from their current levels to the $0.71 target. Marks’ analysis serves to represent a very strong case for GALA enthusiasts and investors, portraying great chances of upside potential gains.
Related | Bitcoin Holders Embrace HODLing Amid Market Uncertainty
