Is GALA Going to Zero? GALA Price Turns Red as Viral New Meme Coin Locks $500,000 in Funding
Gala Games (GALA) is once again in trouble as price action struggles to push back up above the 20DMA, however, a new partnership with an emerging regenerative agriculture documentary featuring Woody Harrelson could trigger renewed interest in the fleeting project.
This comes amid allegations of theft amounting to $130 million in Gala tokens and corporate mismanagement by Thurston, alongside his investment firm True North United Investments
While Thurston's counter-claim alleges Schiermeyer lent Gala's funds to himself for personal use, and even purportedly created Gala-related entities in Switzerland and Dubai, positioning himself as the controlling shareholder to pursue his own business interests.
Yet, the partnership announcement with the 'Common Ground' documentary film, a sequel to the successful 'Kiss the Ground' predecessor could trigger renewed interest in GALA, with new money drawn in by big names such as Woody Harrelson.
As Gala Games price action appears to bottom-out, GALA is currently trading at a market price of $0.013 (representing a 24-hour change of +0.52%).
This comes as GALA price attempts to consolidate, after a -8.5% tumble on October 9 saw price tumble back below the 20DMA (which is sat at $0.014).
Loss of 20DMA support has proven catastrophic in recent months, the last time GALA sank below this moving average level price action remained suppressed for 67-days - leading to a value loss of -46%.
The 200DMA continues to trade high above GALA's descendant upper trendline, with the moving average currently sat at $0.025.
Yet, there could be an emerging glimmer of hope as Gala Games bulls attempt to mount a double-bottomed support level at $0.013 - if this succeeds in returning price back above the 20DMA it could
Read more on cryptonews.com
