“GALA Price Prediction: GALA plummets 9%, traders seek 2.0 coin with 1000x return”

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Gala price has dropped by 9% in the past 24 hours and is currently trading at $0.0698, and at 8:45 AM EST, trading volume has dropped by 61% to just $558 million.
Gala Price Enters Correction Phase
Gala price is facing a correction phase after facing rejection at the $0.0871 resistance level. This occurred after the price surged sharply above the consolidation channel pattern at $0.0491.
However, Gala price was generally in an uptrend, thanks to the $0.0281 support level, which allowed bulls to muster enough strength to push the price higher. More resilience was shown as bulls took control of the price within the $0.0360 consolidation channel and pushed it to $0.0871.
However, Gala price is showing some signs of a price reversal with a bullish candle at $0.0682 which could propel the price above the current resistance.
Analyzing the technical indicators shows that the 50 and 200 Simple Moving Averages (SMA) are currently supporting the overall trend, with the upward momentum confirmed at the SMA crossover at $0.0237.
Despite the short-lived bear trend, the relative strength index (RSI) showed signs of rebounding below the 70 overbought level at 61. An increase in momentum could see the RSI jump into the overbought zone again.
Gala price bulls prepare for another bull run
Gala price bulls are preparing for another bull run as the bullish candle at $0.0682 shows signs of a reversal. If this happens, it will help the bulls to push the price above $0.0871 in a bull run and reach a new high of $0.1 in the coming weeks.
However, if the bears continue the corrective phase and take advantage of the RSI's sustained move below the 70 overbought zone, it will force the bulls to look for safe havens at $0.0495.
As Gala price bulls prepare for another bull run, traders are piling into the Sponge V2 meme coin in search of a potential 1,000x return. The token aims to outperform its predecessor, SpongeV1, which exploded 100x a year after its launch amid a bear market.
SpongeV2 continues the tradition of Sponge
SpongeV2 represents the evolution of the famous SPONGE token. Its team aims to capitalize on the token’s past success and improve upon it by introducing new features.
Attention, #SPONGERS!
Here are some important information about $SPONGE V2!
$SPONGE V1 has been officially discontinued, and V2 has been released on #Polygon!
Learn more about the token details below
https://t.co/TCdxgXx40w
1/3
pic.twitter.com/YZzXOlKmHY
– $SPONGE (@spongeoneth)
February 6, 2024
Join SpongeV2’s staking model and P2E gaming
The upcoming release of SpongeV2 will see the launch of paid and free versions of the game, which is highly anticipated. P2E games will provide more fun and engagement, with participants competing for positions on global leaderboards. Rewards from the competition will be distributed in the form of SpongeV2 tokens.
Riding the wave of $SPONGE! LFG
#MemeCoin
#AltGem
#Crypto
#100x
pic.twitter.com/2PkqBon0tF
– $SPONGE (@spongeoneth)
March 6, 2024
Investors holding SpongeV2 tokens can also generate passive income through staking SPONGE, with an annual yield (APY) of up to 176% for Ethereum and 467% for Polygon. Currently, more than 9.1 billion tokens have been staked.
Staking Update!
We now have over 9,138,851,394 $SPONGE tokens staked, valued at $27,864,372.8.
Stake your tokens now and enjoy our impressive APY currently up to 177%.
#Sponge
#Memecoin
#Crypto
#Binance
pic.twitter.com/PAqXyz5L6F
– $SPONGE (@spongeoneth)
March 11, 2024
Analyst and crypto YouTuber Jacob Bury considers SpongeV2 to be one of the best memecoins of the year and says it has the potential to explode 1,000x when it launches.
With rumors that SpongeV2 will soon be listed on top exchanges, interested investors should act quickly to acquire tokens before the hype potential of such developments drives prices higher.
You can purchase SpongeV2 tokens here.
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