Karrat token rallies but dilution and concentration risks remain
Karrat Token Performance: Karrat, a small-cap gaming token, has surged over 65% from its lowest point this year, reaching a market cap of over $48 million, although it remains 68% below its all-time high. This rise coincided with gains in other popular gaming tokens and was influenced by the launch of new NFTs on the My Pet Hooligan platform.
Concerns and Risks: Despite its recent recovery, Karrat faces risks including a high concentration of holdings among top investors, with 92% of coins held by the top ten holders, and potential token dilution due to upcoming unlocks that will significantly increase the circulating supply over the next few years.
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Technical Analysis for GALA
Technical Sentiment Analysis for Gala (GALA). As of , Gala (GALA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for GALA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, GALA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gala (GALA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00303 | 0.00338 | 0.00369 | 0.00404 | 0.00435 | 0.0047 | 0.00501 |
| Fibonacci | 0.00338 | 0.00363 | 0.00378 | 0.00404 | 0.00429 | 0.00444 | 0.0047 |
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