<em><strong>Over the last two days, the increase in demand has resulted in a bull run in GALA prices, teasing a breakout of the demand zone at $0.065.</strong></em>
<h3>Key Technical Points:</h3>
<ul>
 	<li>The GALA prices jumped by 8.82% in the last 24 hours.</li>
 	<li>The bull cycle prepares to exit the falling channel and beat the 50-day SMA.</li>
 	<li>The 24-hour trading volume of GalaGames is $495 Million, indicating a rise of 119%.</li>
</ul>
<h3>Past Performance of GALA</h3>
GALA price chart shows a long-coming downtrend within a falling channel pattern accounting for a price drop of 55% within the last two months. The downfall breaks the $0.050 psychological mark, but the recent bullish reversal has the prices challenging the resistance trendline. Additionally, the bull cycle repairs to beat the 50-day SMA slightly below the supply zone at $0.065.

<img src="https://s3.tradingview.com/snapshots/r/RXjzqwL5.png" alt="TradingView Chart" />

Source - <a href="https://www.tradingview.com/x/RXjzqwL5/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>GALA Technical Analysis</h2>
GALA price action shows a 13% jump in the last two days, but the higher price rejection in the daily candle from the 50-day SMA shows a bearish reaction. However, the increased <a href="https://www.cryptoknowmics.com/news/ripple-xrp-sees-massive-surge-in-trading-volume-amid-ongoing-lawsuit/" target="_blank" rel="noopener">trading volume</a> supports the bullish breakout theory. Hence traders should wait for the price action confirmation before taking a bullish trade.

The underlying bullish momentum increase is evident from the RSI slope crossing the halfway line. As a result, the technical indicator projects a high possibility of a falling channel breakout.

The MACD indicator shows the fast and slow lines avoiding a downfall as the lines regain the bullish alignment. Hence the technical indicators represent a bullish bias teasing a jump above $0.065.

In a nutshell, GALA technical analysis signals a high possibility of an uptrend continuation with a falling channel breakout.
<h2>Upcoming Trend</h2>
The falling breakout can propel the GALA prices to exceed the $0.065 supply zone to reach the psychological mark of $0.10.

Conversely, the bullish failure to beat the resistance trend will retest the $0.045 support level.

Resistance Levels: $0.065 and $0.010

Support Levels: $0.050 and $0.040

GALA Technical Analysis: Launch From $0.050 Ready To Cross $0.10

The GALA technical analysis shows that, over the last two days, the increase in demand has resulted in a bull run in GALA prices.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

GALA Technical Analysis: Launch From $0.050 Ready To Cross $0.10

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