• GALA Price Analysis: The GALA Token has increased by 240 percent in just four trading days; What Comes Next?

  • The technical chart of the GALA token shows an incredible rally. The token provided a minor consolidation phase between this rally, providing crypto traders with another entry opportunity. However, the token is now facing strong resistance from $0.39, and whether it will provide the same rally as before is a question that many are asking.

    Technical highlights include:
    • The daily RSI chart for the GALA token has entered overbought territory.
    • The current price of the GALA token is $0.36, representing a 56.2 percent intraday gain.
    • The GALA token’s intraday trading volume is $3.4 billion, indicating a 123.2 percent gain.

    The token broke through the critical resistance level of $0.117, presenting an excellent long opportunity for crypto traders. The token sparked a remarkable rally, gaining 122 percent since the breakout point.

    The GALA token has achieved a new All-Time High of $0.39. The critical EMAs (20, 50, and 100) indicate a strong bullish trend, as the token price is trading well above these EMA lines.

    The Relative Strength Index(91) indicates that the token price is strongly bullish. However, this indicates that the token has reached an overbought zone, implying that a reversal is imminent.

    GALA/USD 4-hour Time Frame Chart

    The GALA chart shows that the price is currently encountering enough resistance from $0.39, as evidenced by a few higher price rejection candles. If the token price falls below this level, crypto traders can expect significant support at $0.278. However, as the Fibonacci extension level, the $0.42 mark could be a possible resistance level for this token.

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