GALA Crypto Buy Time? Gala games price analysis

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Gala games is a prominent member of the gaming token community in the crypto space. The coin has been consolidating for some time now, and now the token is giving signs of a potential breakout.

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GALA Coin Price Target

  • Current Price: $0.04278
  • Market Cap: $1,576,350,604
  • 24h Trading Volume: $140,429,236.04
  • Total Supply: 35,165,336,172 GALA
  • Circulating Supply: 35,165,324,972 GALA

Let’s have a look at the chart:

Gala Coin Price Target

The price is consolidating within a descending triangle and is currently facing the resistance level. A breakout above this pattern would confirm a bullish trend. Keep an eye on it for potential movement.

Weekly Price Analysis

In the last week, GALAโ€™s price has shown a small uptrend, which can be seen by the coi trying to reach for the upper boundary of the crypto pattern.

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Price of GALA might fluctuate between $0.2782 and $0.3086, with an average expected value around $0.2918.

News Roundup

GALA recently faced a security incident where an unauthorized party minted 5 billion tokens and sold them on decentralized exchange Uniswap. The company responded swiftly, stating the incident was โ€œcontained and the impacted wallet has been frozenโ€. This quick action helped stabilize the price, which had initially fallen sharply due to the incident.

Conclusion

Gala is showing resilience and is a good buy candidate in case of a breakout, which looks likely as based on the chart pattern.

Always conduct your own research before making investment decisions.

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Harsh Panghal
Harsh Panghal

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