GALA tokens can be a 43% price increase.
Gala may set the price for a more significant recovery from whaling stocks.
This expected exit is mainly due to heightened bullishness among investors, which is expected to push prices higher again.
Gala investors can return the price increase
After the altcoin corrected by 28% in 48 hours, Gala's price fell victim to broader market signals. However, this did not discourage the owners of GALA; Instead, it served as a catalyst for a specific group – whalers.
Instead of selling, these big wallet owners moved to stockpile more GALA. GALA addresses worth between $1 million and $10 million added $160 million to GALA, bringing their total holdings to $504 million.
Galata whales appear to have pre-empted the possibility of a recovery as they are showing a similar stock in market value to realized value (MVRV) ratio.
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The MVRV ratio measures the investor's profit/loss. Gala's 30-day MVRV shows losses of -21%, which could lead to accumulation. Historically, GALA's -14% to -24% MVRV often precedes rallies, which it calls the rally opportunity zone.
Therefore, if the price of the gala is low, it will stimulate the feeling of accumulation among investors, which may indicate a further increase in the value of the property.
Gala Price Prediction: Recovery, Not Rally.
Gala's price dropped by $0.044 from the $0.039 support floor, and based on the above factors, it is set for a further increase. The altcoin will continue to rise to regain its fallen wedge support that it had before the crash.
A test of $0.065 shows a 43% recovery potential for the asset, but this does not suggest a quick rally as it needs a neutral to highlight market signals.
Read more: How to buy Gala (Gala) and everything you need to know
However, if the bright steam before GALA price breaks $0.050 runs out, GALA will see a decline. Additionally, a loss of $0.039 as a support floor invalidates the bullish thesis.
Disclaimer
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