[GALA price hints at 43% recovery as whale accumulation increases]
Gala’s price experienced a sharp 28% drop in 48 hours amid market volatility, but this did not dampen the enthusiasm of investors, especially those whale investors who hold large amounts of GALA. They show strong bullish confidence by choosing to accumulate rather than sell when prices are low.
These whale investors recently added $1.6 million in GALA, bringing their total holdings to $5.04 million. Gala's 30-day market cap to realized value (MVRV) ratio is -21%, and typically when this ratio is between -14% and -24%, the market views it as a good accumulation opportunity.
Currently, Gala’s price has rebounded from a low of $0.039 to $0.044. If market sentiment remains positive, Gala’s price is expected to climb further, targeting a test of the $0.065 resistance point, which would represent a possible 43% price recovery.
However, if Gala fails to break above $0.05 and the support bottom at $0.039 is broken, further price correction could be seen. In this volatile crypto market, investors should pay close attention to market dynamics and adjust their strategies appropriately to deal with future changes.
