GALA Technical Analysis: Surging Rally Challenges The $0.30 Mark

GALA coin price shows the reversal rally from the $0.20 mark challenging the supply zone at $0.30 as the buying pressure grows. Key technical points: GALA prices have increased by 9.03% in the past 24 hours. The uptrend challenges the $0.30 resistance zone. Finally, the 24-hour trading volume of Gala Games is $745 Million, marking a 13.82% fall. Past Performance of GALA As mentioned in our previous article, GALA coin price action shows a bullish rally after finding a surge in demand near the $0.20 mark. The rally surpassed all the crucial EMAs and the long-coming resistance trendline with the 30% growth last fortnight. However, the reversal rally struggled to overcome the selling pressure at the $0.30 resistance zone. Source-Tradingview GALA Technical Analysis GALA coin price action shows a rise in buying pressure with the 11% recovery in the past 24 hours. Moreover, the recovery shows lower price rejection and undermines the selling observed on 31st March. The crucial daily EMAs (50 and 100-days) move in a sideways flat trend in extreme proximity and rest for a bullish crossover. Hence, the price sustaining above the EMAs highlights a buying opportunity. RSI Indicator: The RSI slope maintains a long-coming uptrend after a parabolic recovery from the nearly overbought zone. Moreover, the 14-day SMA helps push the uptrend by providing constant dynamic support. MACD Indicator: The MACD and signal lines struggle to sustain the up...