GALA Price Rallies Over 40% Intraday, What’s Cooking In It ?

#TrendingTopic #EOS #pepe #ARB #HalvingHorizons The Gala token (GALA) price replicates massive whale activity and pumped over 40% in the last 24 hours. Moreover, the token has glimpsed an intense breakout with follow-on bullish marubozu candlesticks.

This week, Gala Games partnered with Alienware and Amazon Web Services (AWS) to conduct a hackathon program at the 2024 Game Developers Conference (GDC). This positive development led to a spike in the price of the GALA token which surged over 90% this week. the crypto market surge, the token was in the investors’ eyesight and persisted in extending the gains.

At press time, the Gala token (GALA) price was $0.0676 with an intraday gain of 38.92%, indicating massive bullishness on the charts. It has a weekly return ratio of 43.37% and a monthly return ratio of 193.80%. The pair of GALA/BTC is at 0.000000961 BTC, and the market cap is $502.10 Million. Analysts are bullish and suggest that the GALA token price will persist in advancing gains and may retest the $0.08000 mark soon.

The Gala price (GALA) furnished a rise, jumping over 90% this week. The token displayed a massive spike in trading volume of over 500% and surged to $1.10 Billion in the last 24 hours. This huge spike in volume reflects the institutional buying activity and investor interest, leading to the surge in the token price.

The price volatility curve is up over 30% to 0.041, indicating immense volatility on the chart. Additionally, the total weighted sentiment echoes a spike, and the curve stays at 1.35, alluding to the positive outlook for the following sessions.

The transactional volume activity data rose over 30% to $928k last month. In contrast, the daily on-chain transactional value ratio also spiked, and the data illustrates a jump of over 400% to 4.79.

The Gala token displays a falling wedge breakout and reflects a sharp spike on the daily charts.the token has surpassed the 50-Day EMA mark and is aggressively heading to the 100-Day EMA mark near $0.07000 under bullish momentum