Gala (GALA) Gains More than 30% Amid Crypto Market Recovery
GALA surged 33.3% within the previous 24 hours. That had the altcoin overcoming its past crucial resistance zones, changing hands around $0/253 during this publication. If Gala bears push the alt beneath $0.20, it will plummet to monthly lows near $0.18
– GALA gained more than 30% within the last 24hrs.
– The upswings followed price recoveries across the crypto market space.
– Gala hovers 69.4% low from its ATH despite the latest upsurges.
GALA led the pack as the crypto space recovered from the January market crash. Remember, the past few weeks had digital tokens battling bearishness. Gala also suffered a massive fall amid the January flash crash, dropping to levels 69.4% lower from its record peaks.
Meanwhile, GALA surged 33.3% within the previous 24 hours. That had the altcoin overcoming its past crucial resistance zones, changing hands around $0/253 during this publication.
GALA Records Massive Upswings
GALA was among the hardest hit amid January’s bearishness. The alt plummets to monthly lows at $0.16 on 24 January. The downswings emerged after Gala hit its record peak at $0.824 in 2021 November. For now, GALA recovers from the dominant downtrends, pushing to higher levels of $0.25 within the previous day. GALA’s next massive resistance stands at $0.31, then $0.35. Breaking past these hurdles might attract more buyers, catalyzing a potential move towards $0.47.
Meanwhile, developments surrounding the metaverse world might see GALA keeping its upward trend for over a month. Market players await a MetaWeek event in Dubai (between 7 March and 10 March). The event will highlight subjects associated with metaverse. As GALA is one of the metaverse coins, buyers may expect another upward rally from the token.
GALA Exhibits High Volatility
GALA has experienced significantly high volatility over the last month, and the trend might persist. However, crypto will only sustain its current gains with broad market support. Failure to receive this backing might see GALA registering substantial downswings. With such a trend, the alternative coin will plunge to test the following support floor at $0.22.
If Gala bears push the alt beneath $0.20, it will plummet to monthly lows near $0.18. For now, the market rallies due to near-term buyers leveraging the uptrends that emerged within a short period. GALA will erase its gains if the buyers start trimming amid a brief drop.
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