GALA Technical Analysis: Bullish Reversal Strives To Change Trend Direction

The GALA coin price shows a bullish reversal from the support trendline of the flag pattern. Will this reversal change the upcoming trend direction? Gala Games is aiming to change the game industry in a new direction by giving players control over their gaming. Its mission is to create “blockchain games you’ll actually want to play.” The initiative aims to change the way that players invest hundreds of pounds for in-game assets, as well as countless hours playing the game that could be taken from them at the click of an icon. Let us move ahead to read about GALA technical analysis. Past Performance of GALA GALA coin price shows a decline of more than 50% since last December resulting in the flag pattern formation in the daily chart. However, the recent reversal from the descending support trendline helps in a 15% price jump. But the lack of growth in the intraday trading volume decreases the chances of a bull run to the resistance trendline. Nonetheless, the price action shows reversal and if the prices sustain above $0.30, a price jump to $0.50 is possible. GALA/USD Daily Chart GALA Technical Analysis The GALA technical analysis shows a revolt in the underlying bullishness evident by the rounding reversal with lower price rejection from $0.30. Therefore, a bull run is possible with the breakout of $0.35 which remains a key horizontal level. The crucial 100-day EMA supports the falling GALA coin prices near $0.30 and pushes th...