The Gala Games (GALA) price doubled during last week’s recovery rally. The buyers breached two significant resistance of $0.23 and $0.3 before reaching the monthly resistance of $0.37. The bears defended this resistance with vigor and rejected the altcoin to the immediate support of $0.3. Can buyers continue this rally or the sellers would take over again?
Key technical points:
- The 20 and 100-day EMAs offers a bullish crossover
- The intraday trading volume in the GALA is $197.7 Million, indicating a 3% gain.
Inverted Head And Shoulder Pattern Aims GALA Price To Go Beyond $0.42
Source- Tradingview
A bullish reversal from the $0.293 support could lead to the formation of an inverted head and shoulder pattern. This pattern could help the bulls to knock out the above resistance of $0.36 …
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