Gala games is a prominent member of the gaming token community in the crypto space. The coin has been consolidating for some time now, and now the token is giving signs of a potential breakout.
For on-demand analysis of any cryptocurrency, join ourย Telegram channel.
GALA Coin Price Target
- Current Price: $0.04278
- Market Cap: $1,576,350,604
- 24h Trading Volume: $140,429,236.04
- Total Supply: 35,165,336,172 GALA
- Circulating Supply: 35,165,324,972 GALA
Let’s have a look at the chart:
The price is consolidating within a descending triangle and is currently facing the resistance level. A breakout above this pattern would confirm a bullish trend. Keep an eye on it for potential movement.
Weekly Price Analysis
In the last week, GALAโs price has shown a small uptrend, which can be seen by the coi trying to reach for the upper boundary of the crypto pattern.
Guaranteed Lowest Fees – Try Bybit
Price of GALA might fluctuate between $0.2782 and $0.3086, with an average expected value around $0.2918.
News Roundup
GALA recently faced a security incident where an unauthorized party minted 5 billion tokens and sold them on decentralized exchange Uniswap. The company responded swiftly, stating the incident was โcontained and the impacted wallet has been frozenโ. This quick action helped stabilize the price, which had initially fallen sharply due to the incident.
Conclusion
Gala is showing resilience and is a good buy candidate in case of a breakout, which looks likely as based on the chart pattern.
Always conduct your own research before making investment decisions.
For on-demand analysis of any cryptocurrency, join ourย Telegram channel.