Major

bullish

Strong

<ul>
 <li>GALA confirms a bullish trendline breakout, indicating a potential 100-150% rally.&nbsp;&nbsp;</li>  
 <li>Strong fundamentals and community support bolster GALA’s long-term viability amid volatility.&nbsp;&nbsp;</li>  
 <li>Recent price fluctuations raise cautious optimism as traders watch for sustained momentum.&nbsp;&nbsp;</li> 
</ul>  
<p>A breakout has breathed life into GALA, confirming a <a href="https://cryptonewsland.com/gala-price-dip-bullish-pattern-formation/" target="_blank" rel="noopener noreferrer nofollow">bullish trendline shift</a> on the 2-day timeframe. According to the post below, this pivotal moment suggests a potential rally of 100-150%, as investors begin to stir.&nbsp;</p>  
<p>With momentum building, traders are eagerly eyeing the charts for a chance to ride this anticipated wave. However, <a href="https://cryptonewsland.com/moonbag-soars-above-gala-and-hedera-the-top-crypto-presale-you-cant-miss/" target="_blank" rel="noopener noreferrer nofollow">GALA's history</a> of volatility leaves both hope and caution swirling in the minds of market participants.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/breakout_expert/status/1840696963227853288
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</figure>  
<h2 class="wp-block-heading" id="h-fundamentals-bolster-gala-s-strength">Fundamentals Bolster GALA’s Strength</h2>  
<p>While GALA’s technical breakout grabs attention, its fundamental health remains a key anchor for investors. Backed by a Certik Skynet security score of 84.67, GALA holds an A-tier ranking, standing strong at 334th place.&nbsp;</p>  
<p>This impressive ranking supports its long-term viability, offering reassurance to those concerned with the risk of cyberattacks.&nbsp;</p>  
<p>Additionally, GALA boasts 223,256 token holder addresses, with minimal whale movement, further highlighting its decentralized nature.&nbsp;</p>  
<p>The community plays a vital role, with a score of 93.43 out of 100. This demonstrates the strong, passionate support from GALA's user base, acting as the heart that fuels the token’s growth. In crypto, a loyal community often becomes the backbone of any sustained rally.</p>  
<h2 class="wp-block-heading" id="h-gala-price-struggles-then-consolidates">GALA Price Struggles, Then Consolidates</h2>  
<p><a href="https://www.tradingview.com/symbols/GALAUSD/" target="_blank" rel="noopener noreferrer nofollow">GALA’s price action</a> has seen significant highs and lows in 2024. Its peak price of $0.086279 in March signaled optimism, but the enthusiasm quickly faltered.&nbsp;</p>  
<p>A declining trendline emerged, as GALA formed lower lows, casting doubt over its ability to rebound. Despite this, GALA found a solid support level at $0.0384 in April, after a liquidity grab. This sparked hopes of a reversal.</p>  
<p>For two months, <a href="https://www.coingecko.com/en/coins/gala" target="_blank" rel="noopener noreferrer nofollow">GALA’s price</a> entered a consolidation phase within a Darvas box. The market’s indecision led to a tense period of sideways movement, with traders waiting for the next significant move.&nbsp;</p>  
<p>Unfortunately, on June 7th, a sharp sell-off breached the support level, leading to a steep 75% decline from its all-time high. This breakdown spelled disaster for the bulls.&nbsp;</p>  
<p>As GALA fell within a narrowing wedge, the downward momentum intensified. The convergence of key indicators—the 50-day and 200-day EMA—signaled a loss of critical support, further cementing the bearish trend. Despite these setbacks, GALA’s recent trendline breakout offers renewed hope of recovery, though traders remain cautious.</p>  
<p>With the technical and fundamental picture in view, many are now waiting to see if this breakout will indeed spark the anticipated 150% rally. For now, this break out could be the start of the anticipated price increase.</p> 
<p>The post <a href="https://cryptonewsland.com/gala-confirms-breakout-150-rally-anticipated/" rel="noopener noreferrer nofollow">GALA Confirms Major Trendline Breakout: Is this the Start of the Anticipated 150% Rally?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

GALA Confirms Major Trendline Breakout: Is this the Start of the Anticipated 150% Rally?

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