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$GALA Breaks Key Resistance, Setting Stage for 150% Price Jump

$GALA’s breakout hints at 150% rally. Is bullish momentum sustainable? See how strong fundamentals and community support help stabilize it

2 min 30 sec October 1, 2024

Highlights:

$GALA confirms a breakout, signaling a potential 100-150% rally.

Strong fundamentals and high security rating bolster $GALA's market stability.

Volatility persists, urging caution despite $GALA's bullish breakout.

$GALA Breaks Key Resistance, Setting Stage for 150% Price Jump

$GALA has sparked excitement among investors after a breakout on the 2-day chart was confirmed. This move points to a potential 100-150% rally, bringing fresh hope to traders watching for bullish momentum. 

 

But, with $GALA's recent price swings, the market is still walking a fine line between opportunity and caution. Will $GALA maintain this bullish momentum?

 

$GALA’s Strong Fundamentals

 

Despite the ups and downs, $GALA remains fundamentally sound. Certik Skynet rates its security at 84.67, placing it in the A-tier and ranked 334th in blockchain assets. 

 

This means $GALA is protected from major vulnerabilities, offering a safer bet for investors in an often-risky crypto world.

The community also plays a key role in $GALA’s strength. 

 

With over 223,000 holders and minimal whale activity, the token is well-distributed. A community score of 93.43 shows strong engagement, which helps keep $GALA stable, even during volatile times.

 

Price Struggles and Consolidation

 

 

$GALA’s price action in 2024 has been a wild ride. The token hit a peak of $0.086279 in March, but couldn't hold onto its gains. 

 

However, $GALA found support at $0.0384 in April after a liquidity grab, giving hope for a rebound. For two months, the token's price consolidated within a Darvas box. 

 

Now, after months of struggle, $GALA has finally broken out of its trendline, as the post above highlights. This signals a potential rally, possibly reaching gains of up to 150%. 

 

Yet, past volatility warns traders to stay cautious as $GALA’s path remains unpredictable. The market now waits to see if this breakout will lead to sustained gains or another round of turbulence.

 

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