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Gala prices have surged 21% in the last 24 hours and 70% in the past week. Traded at $0.0752 As of 12:45 a.m. EST, trading volume had surged 107% to $1.68 billion.
Gala Price Rally Above Cup and Handle Pattern
GALAUSDT Analysis by Tradingview
Gala price shows a significant surge above the cup and handle pattern as bullish momentum pushes the price higher, indicating a long-term bullish rally. The cup and handle pattern indicates the continuation of a bullish trend.
After a continuation of the downtrend, the support level at $0.01308 gave the bulls enough strength to gather enough strength to push the price higher to recoup losses.
The bulls showed stronger resilience, taking control of the price at $0.02155 and pulling it from the resistance level of $0.04330 to $0.0897, surpassing the January 2023 high of $0.0634.
However, Gala price shows signs of a price reversal, with a red candle appearing on the 4-hour chart.
Technical indicators are also bullish on the price, as bulls’ strength is seen in their ability to fly. Historical 50-day and 200-day simple moving averages (SMAs). The moving average crossover at $0.02155 also confirms the bullish momentum.
Despite a brief dip in the bearish trend, the Relative Strength Index (RSI) rebounded from the overbought level of 70 to 76. This indicates strong buying pressure on the Gala price.
Gala prices may fall in the short term
The bullish resilience at the $0.02155 support zone has led to renewed strength in the bulls, pushing the price further in a bullish rally past the January 2023 high. The cup and handle pattern offers upside above this level, and the price could reach $0.1 in the coming weeks.
However, bears may intervene in a correction phase and take advantage of RSI persisting in the overbought territory of 70, which is inevitable and bulls will seek refuge.
With Gala prices soaring, many investors are eyeing the eTukTuk token, a pre-sale focused on a greener future for transportation in developing countries.
eTukTuk pre-sales reach $2.1 million goal
eTukTuk Pre-sale Funding quickly surpassed $1.9 million, hitting the $2.1 million goal as investors united to support the environmentally friendly blockchain-based vision.
The project aims to replace polluting internal combustion engine tuk-tuks (small three-wheeled vehicles) with AI-based electric T.uk Tuks, build a network of environmentally friendly charging stations.
1/ The “H2FastCell” project, a collaboration between Fraunhofer IPA, Black Forest Campus and industry partners, introduces a game-changing robotic duo for rapid fuel cell stack assembly 🚀 pic.twitter.com/8sQCpwY6ZW
— eTukTuk (@eTukTukio) March 8, 2024
Stake and play-to-return for lucrative rewards
eTukTuk’s Staking Program We promise investors a 128% APY on staked TUK tokens. Due to the attractiveness of significant rewards, more than 39 million TUK tokens were staked.
Introducing the Buy and Stake mechanism. $TUK Start earning dynamic APY by staking your tokens immediately.
Early stakers will enjoy higher returns with APY scaled based on their participation, encouraging early adoption and a fair and attractive incentive structure for all. 🌟 pic.twitter.com/pMrXEZzB3f
— eTukTuk (@eTukTukio) October 10, 2023
Anticipation for the project is growing as eTukTuk’s Play-to-Earn (P2E) game is scheduled to be released. The game will be seamlessly integrated into the project ecosystem.
Inspired by classic games like Crazy Taxi, the game immerses players in the vibrant streets of Sri Lanka, taking passengers to various locations and earning $TUK tokens upon successfully completing missions.
1/ As the world competes, the number of personal vehicles increases rapidly and environmental problems arise. But there is hope! 🚗❌
Today we will take a look at cities that advocate for eco-friendly public transportation.
Fasten your seat belt! ❤️ pic.twitter.com/joRizVjYRh
— eTukTuk (@eTukTukio) February 7, 2024
YouTuber Cilinix Crypto raved about the eTukTuk’s utility.
And cryptocurrency analyst and YouTuber Alessandro De Crypto says eTukTuk is likely to skyrocket upon launch.
Investors can purchase TUK tokens for $0.028 before the price increases in about 7 days. However, there is a risk that it will sell out sooner, so interested investors should act quickly to secure the tokens at the best price.
Visit eTukTuk official website Buy TUK tokens. You can exchange BNB or USDT for TUK tokens or buy directly using your bank card.
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