PREMIERE The price continues to rise and has gained close to 900% in just two weeks. Despite the GALA reaching its all-time high of $0.836, important technical data remains showing that the bulls are still holding their strength. The bulls will retest the new higher resistance level, potentially creating an entry point for traders.
Important Technical Levels
- The GALA price chart has dynamic support at the 20 EMA on the 4-hour timeframe.
- GALA’s intraday trading volume is around $5.2 billion, up 2.3% compared to the previous period.
The GALA price has risen by about 3000% since the beginning of November and rallied as high as $0.038. However, the rally stopped at this level and rose as usual with the new week reaching an All-Time High at $0.0836.
PREMIERE The price is trading above the key EMAs (20, 50, 100 and 200), indicating a super bullish trend in this token. Also, the Relative Strength Index (75) reflects a positive attitude towards the token. However, a bearish trend chart close to the overbought zone could be alarming.
GALA/USD Price Chart: 4-Hour Timeframe
The narrower time chart shows a steady rally in GALA price to new highs one after the other. The technical chart shows some minor consolidation phases with only minor breaks before continuing to rise during this rally.
For this reason, GALA price was recently rejected at $0.836 and dropped to $0.62. GALA received good support from this level and offering a bullish engulfing candle, the price prepared to retrace the previous high.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.