GALA Plummets 735.38% in 24 Hours Amid Sharp Volatility

On AUG 29 2025, GALA recorded one of its most dramatic single-day declines, dropping 735.38% to trade at $0.01687. This sharp movement came after a week-long decline of 1101.22%, marking the token’s continued struggle amid extended volatility. Over a 30-day horizon, however, the token showed a modest rebound of 349.29%. In contrast, the 12-month performance remained deeply negative, with a cumulative decline of 5344.78%.

The sudden drop has drawn attention to GALA’s price behavior and its underlying market sentiment, particularly following recent trading patterns that have triggered significant swings. Analysts have pointed to GALA’s pronounced sensitivity to trading volume and sentiment, though the exact catalyst for the recent plunge remains unspecified.

Technical indicators suggest a deteriorating momentum profile, with the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both showing bearish divergences. These signals align with the recent rapid sell-off, indicating that the token may be in a corrective phase. Traders are closely monitoring key support and resistance levels to gauge potential recovery scenarios, though no consensus has emerged on near-term direction.

Given these technical developments, backtesting strategies have been deployed to evaluate historical performance of specific trading triggers. One such approach involves buying GALA when its daily close price drops by at least 10% from the previous day, with a holding period of five trading days before exiting. The strategy was tested from January 1, 2022, through August 29, 2025, using daily close prices of GALA.