With a 5.18% increase today, Bitcoin’s recovery appears to be influencing GALA’s price trajectory, keeping it on track for bullish projections heading into 2025.
Over the past week, GALA has risen by an impressive 22.39%, with monthly gains now totaling a remarkable 79.30%. Despite this surge, trading volume has dropped by 7% to $386 million over the last 24 hours, suggesting the altcoin might enter a consolidation phase before its next upward move.
GALA Price Analysis: Is It Still a Good Buy?
GALA continues to follow a breakout pattern, forming an ascending broadening wedge that indicates potential for significant price growth in the coming months.
This pattern, which consists of higher highs and higher lows, supports the continuation of the current uptrend if GALA decisively breaks its upper trendline. However, the last breakout attempt failed due to the Relative Strength Index (RSI) reaching an overbought level of 75, signaling a necessary correction.
Currently, the RSI has moved closer to neutral territory. Support at $0.3566 seems solid, potentially marking a bottom before the next upward movement. On the downside, if GALA breaks below this level, it may test lower support at $0.03217.
Further optimism stems from the impending golden cross between the 50-day and 200-day Simple Moving Averages (SMA), which often signals a bullish trend. If this pattern materializes, GALA could aim for a year-end target of $0.06655, representing an 85% gain from its current price.
Emerging Opportunities: Beyond GALA
While GALA shows promise, some investors are exploring other options for potentially higher and faster returns. Low-cap meme coins like $ACT and $Pnut are gaining traction, riding the wave of the “meme coin supercycle” sentiment.
One standout is Crypto All-Stars ($STARS), which introduces the first meme coin staking platform, the MemeVault. This platform unites the meme coin community and allows users to stake their holdings for rewards in $STARS.
The project’s early success is evident, with $6.25 million raised during its presale. $STARS offers an impressive 325% APY for staking, presenting a lucrative passive income opportunity for investors.
Act Fast: $STARS Presale Ending Soon
As market volatility persists, early $STARS investors are enjoying consistent gains. However, the presale ends in just over 24 days, leaving limited time for new participants to join.
To stay informed about the latest updates, join the Crypto All-Stars community on X and Telegram today.
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