GALA Price Prediction: GALA Top Trends on CoinGecko After 20% Pump in a Week as This First-Ever AR/VR Token Shoots Past $2.6 Million

The Gala price fell by 4% in the last 24 hours $0.06669 as of 4:20 a.m. EST, trading volume was down 34% to $269.8 million.

But the token’s weekly chart shows a 20% pump and is top trending on CoinGecko, indicating that the performance over the past 24 hours may well be a correction that came after a $0.070 resistance rejected the token’s price.

GALA saw an even sharper rise earlier this month when the price reached $0.080, as the project announced a contract upgrade in a blog post.

According to the post, the upgrade provided a smooth solution for the issuance of replacement tokens for all $GALA holders. However, it also led to some inconveniences for those who held their GALA tokens on centralized exchanges.

This could be a reason behind the token’s sudden price drop between March 10 and March 19, a period when GALA’s price rose from $0.080 to just above $0.050. This was around the time Gala held its event GalaChain Hackathonwhich lasted between March 20 and 21 and took place in San Francisco, CA.

The #GalaChain hackathon has officially STARTED!🏁

Follow the latest updates and see how everyone is enjoying it on our live blog!👇 https://t.co/T7ynDx8V1f

— Gala Games (@GoGalaGames) March 20, 2024

After finding the bottom, GALA saw a rise that brought the price back to $0.070, which in turn was followed by a correction in the last 24 hours.

Gala Price Prediction

The question now is: where does the Gala Prize go from here?

While March has seen its fair share of volatility in the crypto sector thanks to a Bitcoin-led bull run that eventually extended to the altcoin market, many are now turning to technical indicators to make predictions for the future.

In the case of Gala, it is possible that the price of the token will rise again soon, according to certain signals.

For example, the token’s Bollinger bands recently narrowed quite a bit, bringing them close together. As the chart below shows, the bands now appear to be seeing a slight widening again. This could be a bullish signal that could potentially bring traders back to the token.

Meanwhile, Gala’s Relative Strength Index (RSI) reading fell below the neutral zone to its current value of 43.19 at the time of writing. The RSI score fell from an overbought zone on March 25 to this level yesterday, rising slightly to the neutral zone before falling again.

Since it doesn’t look like the price will fall any further, traders could soon act to buy the dip. In that case, the RSI value will likely increase again, along with the price of the token.

Since Gala seemingly managed to find stability between $0.065 and $0.070 – at least for now – the token might just stay here until the next bullish or bearish wave pushes it in one direction or the other. If the bulls return, the token’s price could make another attempt to break the resistance at $0.070 and move back up to $0.080.

Alternatively, the price could break the support and fall back to $0.055, as it did on March 19. At this time, its performance remains uncertain, so traders are advised to exercise caution.

Promising alternative to Gala

While Gala offers potential for further recovery in the coming days, many have recently developed interest in a token known as 5thScape (5SCAPE), which has already raised $2.65 million.

This is a project that claims to be “your gateway to the next big thing of the decade.”

5thScape is the world’s first AR and VR ecosystem that aims to connect smart minds. Like Gala, this is a gaming project, but it goes one step further, allowing users to experience the hyper-realistic gaming world of virtual reality.

As such, users can explore a wide range of gaming experiences. This includes blood-curdling battles, but also things like precision archery, high-speed racing and immersive sports.

Simply put, there is something for everyone, and interested crypto users can participate in the project’s pre-sale to become early supporters and holders of the 5SCAPE token.

🚀 Exciting news from 5th Scape! The VR-focused cryptocurrency has raised $1.7 million in its pre-sale phase and has demonstrated the potential for innovation in the digital space.

Get ready to explore hyper-realistic experiences and next-generation gaming with the groundbreaking… pic.twitter.com/5DrCHwVm77

— 5e Scape (@5th_scape) March 21, 2024

Currently, the 5SCAPE token is selling for $0.00248, with a price increase of almost 15% in just over four days.

Since 5SCAPE’s price is set at $0.01, those who buy at the current price could realize an upside of approximately 303% before hitting the market.

Those interested in purchasing the 5SCAPE token can do so in exchange for ETH, BNB, USDT, or MATIC. You can also use a bank card.

Visit the 5SCAPE presale here.

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