Cryptoknowmics
2022-05-30 09:33:58

GALA Technical Analysis: Reversal At $.60 Breaks Resistance Trendline

The GALA price chart shows a rounding bottom breakout rally surpassing the long-coming resistance trendline and hints at the $0.10 recovery. Key technical points: The token’s market value increased by 14.66% in the last 24 hours. The Vortex and DMI indicators display a trend reversal crossover event. The 24-hour trading volume of Gala Games is $235 Million, indicating a hike of 75%. Past Performance of GALA GALA market value shows a bullish reversal from the $0.070 mark after the short-coming downtrend leading to a descending triangle breakout. The downtrend within the large bearish pattern destroys 75% of the market value in two months. Moreover, the breakout rally also surpasses the long-coming resistance trendline and marks a breakout entry point. Source-tradingview GALA Technical Analysis With the increasing number of bullish candles in the 4-hour chart, the GALA price gains bullish momentum and increases the chances of a rounding bottom breakout. Hence, traders can find bullish entry spots at the current market price. The MACD indicator displays the fast and slow lines keeping a bullish alignment as they get closer to their zero point. In addition, the bullish histogram speeds up following the resting phase, which indicates the revival of bullish powers. Additionally, the Vortex and DMI indicators exhibit an upward-facing crossover, which indicates that there is a trend change when the gap between the VI line and DI lines...

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