1. Current price and growth: $GALA is trading at $0.0622, reflecting a growth of 10.36% over the last 24 hours and 39.49% over the week. The price has significantly risen over the last month, increasing by 167.56%, which is associated with the growing interest in the token within the blockchain gaming sector.
2. Market capitalization and trading volume: The market capitalization of $GALA A stands at $2.26 billion, while the daily trading volume reaches $937 million, indicating high interest from traders and investors.
3. Technical analysis:
Support and resistance: The support level is at $0.055, and resistance is at $0.065. A breakout above $0.065 could pave the way to $0.080 and beyond.
Indicators: Technical indicators, including MACD, show a bullish sentiment, and RSI remains in the neutral zone, above 50, indicating a balance between buyers and sellers.
4. Fundamental support: $GALA strengthens its position due to its role in the Gala Games ecosystem, related to transactions, NFT acquisitions, and node licenses. This makes the token attractive for long-term investments, despite market volatility.
Forecast: If the current upward momentum continues, $GALA could reach $0.080 in the coming weeks. However, corrections to support levels of $0.055–$0.051 may occur, which is typical for the volatility of the crypto market. Long-term prospects remain positive, especially considering its role in the gaming sector.
