Gala (GALA), the native token of gaming blockchain Gala Games, rose slightly as the cryptocurrency held on to gains following a positive trend among top coins. Celsius (CEL), on the other hand, traded lower after rising to a two-month high.
Gala token rises to 1-month high
According to data from CoinGecko, the price of GALA reached an intraday high of $0.0219 on September 24.
Up nearly 6% in the last 24 hours, the gaming token hovered around a high last seen in August, when it hit resistance at $0.022 on August 24.
Notably, this area also acted as a robust support zone in July, with 
GALAUSD tested the $0.027 area.
Although the cryptocurrency has given back some of its gains from last week, it is still up nearly 19% during that period.
What’s next for GALA?
As for what happens next for Gala, it is likely that a growing bullish sentiment surrounding crypto gaming tokens will reinforce buyers’ attempts to reach the highs last seen in June. If that happens and the bulls reclaim $0.047, it is possible that they could target the yearly highs of $0.081.
This positive outlook could also hold true for Gala Music (MUSIC), one of the Gala ecosystem coins that has surged by more than 14% in the past 24 hours. MUSIC rose by almost 26% in the past week and was trading at around $0.0402.
The bullish momentum for Gala is due to increasing anticipation of a major announcement related to the ecosystem.
On September 21, the project’s development team posted on X that this groundbreaking announcement would be made later this week.
Gala Games @GoGalaGames · Follow
🎮 BIG ANNOUNCEMENT COMING SOON! 🎮 There’s a huge announcement coming next week, and if you’re not on Benefactor’s channel, you’re missing out on the action! 🔥 t.me/+vEV8lgpPtQkwN… 🎮 Join Benefactor’s channel NOW! #GalaGamesX #BigAnnouncement #NextLevelAlpha #DeFiGaming
03:55 · 21 Sep 2024 2.6K Reply Copy link Read 47 replies
Gala price rose after Gala Games announced integration with Google Pay and Apple Pay. However, a higher price could see bulls struggle with profit-taking.
Celsius token pares gains after 300 percent surge
One of the best performing altcoins last week was Celsius (CEL), the native token of the Celsius Network lending platform.
However, according to data from CoinGecko, the CEL price has fallen by more than 12% in the last 24 hours, trading at around $0.48.
Tuesday’s losses followed a stunning rise in CEL, whose share price shot up more than 300 percent in the past week.
CEL price reached a high of $0.65 – the highest price level for the altcoin since July 12, 2024.
In between, the price reached a low of $0.13 on September 20. There has been a strong recovery in the last two weeks, several days after Celsius’ bankruptcy agreement, which included a $2.5 billion repayment plan for thousands of creditors.
Although the price is above the June lows, a rejection at the current levels could fuel the bears. The token is also more than 94% below its all-time high of $8.05 reached in June 2021.
The declines came after Celsius filed for bankruptcy in July 2022 and the arrest of former CEO Alex Mashinsky.
