The bullish recovery in GALA coin price is still within a symmetrical triangle pattern. Thus, delaying entry for price action traders. 

The GALA token serves as the utility token digitally created that is part of the Gala Games ecosystem. It is encrypted and is part of its ecosystem. The gaming token can be transferred between players, and they are in complete control of using it.

Read more to know more about the technical analysis of the GALA token.
<h2>Past Performance of GALA</h2>
The GALA coin price shows a growth of 10% intraday fall after facing rejection near the resistance trend line. Moreover, the <a href="https://www.cryptoknowmics.com/news/gala-technical-analysis-1-dream-can-come-true-with-bullish-breakout/">price action</a> is within the symmetrical triangle pattern in the 4-hour chart.  

Therefore, price action traders need to wait till the price gives the pattern breakout patiently. 

<img src="https://s3.tradingview.com/snapshots/i/i6Wx77Mc.png" alt="TradingView Chart" />

<a class="editor-rtfLink" href="https://www.tradingview.com/x/i6Wx77Mc/" target="_blank" rel="noopener">GALA/USD 4-hour Chart</a>
<h2>GALA Technical Analysis</h2>
A detailed look into the GALA coin price action shows a double top pattern near the resistance trend line. And, its fallout will result in a negative retracement to the support trend line.

The bullish breakout of the symmetrical triangle can find resistance near the $0.66 and $0.75 marks. However, in case of a fallout, the $0.45 and $0.35 horizontal levels will help halt the falling prices.

The crucial EMAs - 50, 100, and 200 maintain a positive alignment in the 4-hour chart. Traders can find these EMAs as safe havens for falling prices if the pattern gives a fallout of the triangle.

The RSI indicator at 53% shows the slope retracing to the central line in the 4-hour chart. Furthermore, the MACD indicator shows a quick fall in fast and slow lines, shortly resulting in a bearish crossover in the 4-hour chart.

Therefore, the indicators in the 4-hour chart show a temporary bearish reversal. However, the pattern completion will be the ultimate confirmation for an entry.
<h2>Upcoming Trend</h2>
The GALA coin price resonates within a symmetrical triangle pattern in the 4-hour chart. As for technical indicators, the recent reversal brings a rise in underlying bearishness. 

Nonetheless, the ultimate confirmation for an entry will depend upon the pattern fruition. However, the chances of a bullish breakout are more likely considering the long-term uptrend.

GALA Technical Analysis: Price Within Triangle Delays Bullish Breakout

The bullish recovery in GALA coin price is still within a symmetrical triangle pattern. Thus, delaying entry for price action traders. 

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: Price Within Triangle Delays Bullish Breakout

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