Stable GALA Could Soar in May

The GALA token, like Axie infinity, is classified as a play-to-earn (P2E) token that is native to a video game where players have fun and earn money simultaneously. These types of games are heavily widespread in contemporary times and have great potential, but why has GALA lost its value?

GALAUSD - 1 Day Time Frame

Since the end of January 2023, the price of GALA has fallen by around 50% and that is not out of the ordinary as the crypto world has predominantly bearish during the past months. GALA has been moving in a precise, neutral range during the past week after plummeting from late April towards early May.

If the crypto markets turn sweet, GALA could soar to $0.037 or even $0.047 depending on omnipresent market conditions, and those specific to the Gala project. On the other hand, due to the situation of price indecision, the token’s value could sink to the confluence of the last support level which also also converges with the limit of the bearish range in which it is moving right now.

Therefore, it will be necessary to observe in detail how the price moves in these coming weeks. Will it go up, down or will it just be another player in the crypto game which is carried away by the biggest wave?