GALA Technical Analysis: You Just Can Afford To Miss This Dip!

The GALA coin price retests the crucial support zone at $0.20 within a month. Should you consider grabbing this huge discount? With the increasing chances of a bearish crossover of the crucial 100 and 50-day EMA, the GALA coin price breaks below the $0.25 mark to retest the $0.20 mark. Will the downfall continue below the support zone, or this is the point of reversal? Key technical points: GALA coin price approaches $0.20. The 50 and 100-day EMA are on the verge of giving a bearish crossover. The 24-hour trading volume in the Gala Games token is $1.77 Billion, indicating a 30% fall. Past Performance of GALA Under the influence of a long-coming resistance trendline, the bulls failed to surpass the $0.35 mark. The failure led to the downfall of the $0.30 support zone within days. And, as we mentioned in our previous article, the GALA coin price breaks the support zone to test the $0.20 mark. The 50 and 100-day EMAs failed to halt the rejection from the resistance trendline, resulting in the downfall continuation. Source-Tradingview GALA Technical Analysis The recent fall comes with intensified selling pressure projecting the possibility of a bearish breakout of $0.20. However, the support zone ranges from $0.20-$0.18, which can trap the downfall into a consolidation move before a breakout-led reversal. The crucial 50, and 100-day EMAs showcase a falling trend that may shortly give a bearish crossover in the daily GALA/USD chart...