GALA, the native token of the non-fungible token (NFT) gaming project, has recently seen significant bullish price action. The token moved independently during these periods, with larger cryptocurrencies barely catching up on this massive rally.
As of this writing, GALA’s price trades at $0.04 with a 16% profit in the last 24 hours. Since late December 2022, the token has recorded a 194% rally and stands amongst the best-performing digital assets in the sector. Is the rally sustainable, or will the token retrace on its recent gains?
GALA With More Room To Grow
Data from analytics firm Santiment indicates that GALA was able to trend to the upside due to a spike in on-chain activity. An increase in whale activity supported the token’s price action and allowed it to push beyond resistance at $0.048.
The last time GALA saw its current levels was in Q4, 2022. At that time, the cryptocurrency crashed behind a market-wide downtrend. The chart below shows that the spike in activity preced
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