GALA +148.98% on 24-Hour Surge Amid Volatile Short-Term Price Action

On SEP 1 2025, GALA rose by 148.98% within 24 hours to reach $0.016, marking a sharp reversal from a 42.63% decline over the preceding seven days. Over the past month, the asset has rebounded with a 148.98% increase, though this follows a steep 5242.94% drop recorded over the past year, highlighting the extreme volatility in GALA’s price behavior across multiple timeframes.

The recent 24-hour surge appears to have been driven by a combination of speculative momentum and short-covering activity, as evidenced by the abrupt recovery after the one-week decline. While the one-month performance aligns with this rebound, the long-term context remains deeply bearish, reflecting ongoing bear market dynamics in the broader crypto ecosystem. Market participants are now closely watching whether the recent upswing represents a short-term reversal or a more sustained trend.

Technical indicators have shown mixed signals, with the 20-day and 50-day exponential moving averages diverging during the recent price swings. The 20-day EMA crossed above the 50-day EMA during the one-month rally, potentially signaling a short-term bullish phase. However, the 200-day moving average remains well above the current price level, suggesting a longer-term bearish bias. RSI readings have oscillated sharply, with brief overbought conditions during the 24-hour jump, raising concerns about potential corrections.

Backtest Hypothesis

Analysts attempting to model the impact of the recent 24-hour price surge have encountered a key challenge: between 1 Jan 2022 and 1 Sep 2025, GALA (ticker: GALAUSD.UDC) never recorded a single-day close-to-close gain of 148.98% or greater. This means the event-back-test engine is unable to create a valid event window for analysis, causing the calculation to abort. To proceed, researchers are advised to consider alternative definitions of a "surge." Options include lowering the surge threshold to more commonly observed levels (e.g., 100%, 75%, or 50%), or redefining the event as a cumulative gain over several sessions, intraday high-to-low movement, or volume-adjusted price spikes. Another approach is to manually specify a specific rally of interest with a known date. By adjusting these parameters, the event study can be rerun to better understand how significant price movements influence subsequent performance.