Gala Games Price is Giving Back Some Gains So Maybe It's Time to Consider This Crypto Web3 Game Alternative
In recent days, GALA's price has been on the rise, thanks in part to a highly-publicized partnership with Hollywood stars Mark Wahlberg and Dwayne "The Rock" Johnson. This partnership helped push the price of Gala Games's crypto Web3 game token up by an impressive 150% in the first 10 days of January alone.
However, GALA's price is currently experiencing a decrease of 9.25% for the day. Despite this minor setback, many investors are closely watching the cryptocurrency and making GALA price predictions for where it may head next as it goes through a normal period of retracement due to buyer exhaustion.
The current price is trading above both the short to long-term EMA which suggests a bullish outlook for the long-term future. Additionally, the recent crossover of the 20-day EMA with the 50-day EMA, with the 100-day EMA as the next potential target. It is considered a positive signal when the EMAs are arranged in a bullish alignment, which can affirm the bullish trend further.
After trading in oversold levels for the past three days and reaching a peak of 87.50, a retracement could bring the RSI down all the way to 70 for a potential price consolidation. As of writing, GALA RSI is at 76.21.
GALA's MACD is still in a bullish crossover position and has been for the past nine days. The indicator is still well above the zero line, however, and with today's open red candle, the histogram has indicated a slight decrease in separation between the MACD and the signal line. Overall, the bias from the MACD indicator is still bullish.
After getting rejected from the resistance range of $0.04330 to $0.04442 for two consecutive days, crypto Web3 game token GALA's price is sitting at $0.03776 as of writing--down by 9.25% for the day.
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