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The Gala price has roared back, surging 18% in the last 24 hours to trade at $0.04907 as of 7:25 a.m. EST on a 5% drop in trading volume to $571 million.
This surge follows news that Gala Games received back about $23 million worth of ETH from a hacker who exploited the network earlier by minting and selling GALA tokens worth hundreds of millions.
Not at my computer so I can't confirm the address, but it looks like the $GALA exploiter has just returned the ETH they got from the hack! https://t.co/IfnfcQTlqL
— Jason Brink aka BitBender (@BitBenderBrink) May 21, 2024
Gala Price Reverses On A Strong Support Zone
The price of Gala has been on a prolonged decline, with the bears consistently pushing it down.
Despite the drop, the bulls are showing resilience, preventing the bears from making further gains and establishing a solid support level.
If the bulls can maintain this upward momentum from the support zone, they might push the price back up to the $0.0634 high in a bid to recover their losses.
GALAUSDT Analysis. Source: Tradingview.com
The price indicators suggest a possible bully rally as the price nears the 50 and 200 simple moving averages (SMAs). Moreover, there is a possibility of a moving average cross, which might add to the general bullish momentum.
On the other hand, the relative strength index indicates a rebound from the 50 midline level to 70. Increased buying pressure should sustain the momentum into the overbought zone.
Gala Price Bulls Eye ATH Recovery As Support Holds Strong
The price of Gala is showing strong signs of a bullish trend, bouncing back from the support level at $0.04039. If this momentum continues, the price will rise to $0.06340. Breaking past this point might push it towards its all-time high of $0.8248.
However, if the bulls lose steam, the bears might step in and pull the price back down to the support zone at $0.04039. If it falls below this, the next support level to watch would be $0.03405.
An Attractive GameFi Alternative – Next 100X Crypto?
Despite strong signs of a bullish trend for GALA, some investors are hedging their bets by diversifying into Mega Dice(DICE), a GameFi presale that has quickly raised over $1.3 million in funding.
DICE is the native token for Mega Dice Casino, a crypto casino and gaming platform that receives over $50 million in bets every month from more than 10,000 active users. DICE holders enjoy over 4,000 casino games, access over 50 sports and eSports betting options, and earn passive income.
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Mega Dice also plans a $2.25 million airdrop giveaway spread over three seasons. Season 2 of the airdrop has already started.
To get in on the action, all you have to do is wager $5,000 or more between May 15 and June 28 for a chance to grab a portion of the $750,000 airdrop with a maximum airdrop of $37,500 per player. The more you wager, the larger your potential share.
Investors who buy and hold DICE tokens can also enjoy exclusive NFTs and daily rewards based on the casino’s performance.
The $DICE Season 2 Airdrop is LIVE – Earn Your Share of a $750,000 AIRDROP! 🚨💰
Want a piece of the action? Just wager $5000 or more between May 15 and 28 June, 2024, and you could claim your share of the $750,000 airdrop! 😍 With a maximum airdrop of $37,500 per player, the… pic.twitter.com/4m5I4E7aLT
— Mega Dice Casino (@megadice) May 20, 2024
99Bitcoins, a YouTube channel with over 700k subscribers, says that DICE might surge 100X when it launches.
You can buy DICE from the official website at $0.075 per token. But hurry as the price will increase when the presale reaches the $2 million milestone.
Buy DICE tokens using SOL, ETH, or BNB here. You can also earn a 10% commission on all referral purchases.
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