GALA.

$GALA
POSITION: SHORT

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This GALA/USDT 1-hour chart shows a Double Top pattern near $0.01567, signaling a bearish reversal. The projected target is around $0.01432, implying a potential 4.49% drop. Red and green zones mark supply and demand areas where price may react or consolidate during the move down.

This 1-hour chart of the crypto market cap (excluding BTC and ETH) shows a bearish trend. Price broke below a key trendline and retested a resistance zone. A supply zone rejected price near $809B, and a bearish fair value gap suggests further downside, as indicated by the blue downward arrow.

#Write2Earn! #total3 #GALA.

I asked Chat GPT about $GALA targets in this bull Run and here is the answer:
Gala (GALA) reaching $1 depends on a combination of market conditions, adoption, technological development, and investor sentiment. As of now, it's important to analyze factors contributing to the price movement and set realistic expectations given its historical performance.
Can $GALA Coin Reach $1?
Current Price and Supply:
Gala's price fluctuates, but the circulating supply is a crucial factor. Gala has a very large supply (over 6 billion coins in circulation, with plans for additional tokens). For GALA to reach $1, market capitalization would need to grow significantly, requiring strong demand and sustained investor interest.Market Sentiment:
The crypto market is currently volatile. For GALA to push toward $1, broader market conditions (like a new bull run) would have to support this move.Adoption and Partnerships:
Gala's use case revolves around blockchain gaming, NFTs, and its Gala Games ecosystem. Their partnerships, updates, and adoption rates will heavily influence price movement. High-profile partnerships or technological advancements could increase investor confidence.

Targets in the Current Bull Run
To project GALA's targets during the next bull run:
Historical Performance:
Gala's all-time high (ATH) is $0.83 (in 2021). A strong bull market could push its price close to or even surpass its ATH, depending on demand and macroeconomic factors.Market Cap Considerations:
To determine potential price targets, market capitalization is key. GALA would need to compete with top gaming or blockchain tokens during bullish conditions. If it were to hit $1, the market cap would need to grow substantially (estimated at ~$6 billion).Integration and Adoption:Expansion of the Gala Games ecosystem, partnerships with gaming studios, and integration with mainstream blockchain gaming companies would act as major bullish catalysts.Additionally, success with NFTs or other GameFi integrations could further propel adoption.Competitive Landscape:
Gala faces competition from other gaming tokens and projects like The Sandbox ($SAND ), Axie Infinity (AXS), and Immutable (IMX). Its ability to maintain its competitive edge will influence whether it can target $1.

Conclusion:
While reaching $1 is ambitious, it's not impossible. The next bull run could see Gala reaching its ATH ($0.83) or potentially higher depending on:
Broader market conditions.Adoption rates for the Gala Games ecosystem.Technological partnerships and product launches.
Keep in mind, crypto markets are speculative, and investing always carries risks. Monitoring updates from Gala Games, technological progress, and investor sentiment will give a clearer picture of how feasible these goals are. Always do your own research before investing.
#GALA.
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Coin Name: $GALA
Position: Short

on 4hour timeframe Gala chart showing Descending Triangle. Also gala got rejected from bearish fair value gap area, Which is bearish signal for us. The blue arrow is our expected price.

According to our Liq heatmap gala can touch again 0.195 for graving some Liquidity and then it will drop. Let's see what's happen.

( Click my Binance LIVE for more information and signals update )

Trade Setup:
Entry: 1855
Targets: 1749, 1633, 1505, 1430
leverage:
#Write2Earn! #GALA.