The Gala price tumbled 4% in the last 24 hours to trade at $0.06669 as of 4:20 a.m. EST on trading volume that plunged 34% to $269.8 million.

But the token’s weekly chart shows a 20% pump and it’s top trending on CoinGecko, suggesting that its performance in the last 24 hours might just be a correction that came after a resistance at $0.070 rejected the token’s price.

GALA saw an even stronger surge earlier this month when its price reached $0.080 as the project announced a contract upgrade in a blog post.

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

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

The #GalaChain hackathon has officially BEGUN!🏁

Follow all the latest updates and see how everyone is lovin' it on our liveblog!👇 https://t.co/T7ynDx8V1f

— Gala Games (@GoGalaGames) March 20, 2024

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

Gala Price Prediction

The question now is where is the Gala price going from here?

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

In Gala’s case, it is possible that the token will soon see its price go back up, according to certain signals.

For example, the token’s Bollinger bands recently narrowed by quite a bit, which placed them close together. Now, as the chart below shows, the bands seem to be seeing a slight widening once again. This could be a bullish signal that might potentially bring the traders back to the token.

Meanwhile, Gala’s Relative Strength Index (RSI) value dropped under the neutral zone to the current value of 43.19 as of the time of writing. The RSI score dropped from an overbought zone seen on March 25 to this level, yesterday, after which it went slightly up to the neutral zone, only to drop once again.

Since it doesn’t seem like it will go further down, traders might soon move in to buy the dip, in which case the RSI value is likely to head back up, alongside the token’s price.

Since Gala seemingly managed to find stability between $0.065 and $0.070 — at least for the time being — the token could simply stay here until the next bullish or bearish wave pushes it in one direction or another. If the bulls return, the token’s price could take another attempt to breach the resistance at $0.070, and head back up to $0.080.

Alternatively, the price could break the support and sink back to $0.055, like it did on March 19. Right now, its performance remains uncertain, so traders are advised to proceed with caution.

Promising Alternative to Gala

While Gala offers potential for further recovery in days to come, many have recently developed an 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 seeks to connect smart minds together. Like Gala, this is a gaming project, but it takes things a step further, allowing users to experience the hyper-realistic game world of virtual reality.

As such, it lets the users explore a diverse array of gaming experiences. That includes adrenaline-pumping 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 join the project’s presale 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 presale phase, and has showcased the potential for innovation in the digital space.

Get ready to explore hyper-realistic experiences and next-gen gaming with 5th Scape's groundbreaking… pic.twitter.com/5DrCHwVm77

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

Right now, the 5SCAPE token is selling for $0.00248 with a price hike of almost 15% coming in a little more than four days.

With the 5SCAPE listing price fixed at $0.01, those who buy at the current price can lock in an increase of about 303% before listing.

Those interested in buying 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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According to Foresight News, Gala Games' blockchain president, Jason Brink, announced that six companies have signed up to develop on Gala Chain. These companies will utilize the entire GALA ecosystem, particularly the node infrastructure, to redefine their businesses, increase revenue, and reduce costs. The official team is currently providing channel access permissions to support their development, with plans to burn some GALA tokens to ensure channel security before they can begin building.

Over the next week, users can also burn GALA tokens to reserve their domain names within the ecosystem. These domain names, currently only available in the GalaChain ecosystem, will make transactions with other users easier. Additionally, an updated blueprint for the entire GALA ecosystem and an updated MUSIC whitepaper are expected to be released this week.