GALA Technical Analysis: Bullish Lightning Helps Overnight Trend Reversal

The GALA coin price shows a bullish breakout of the consolidation range in the daily chart. Will the sudden burst of buying pressure reach the $0.30 mark? Gala Games isn’t just one game, but rather, it is a range of games that put the fun first and blockchain at the back. Users can use Gala Nodes, which are part of the Gala network. In exchange, they can earn rewards such as GALA Limited Edition NFTs, and other opportunities. The Gala Node ecosystem consists of three proof node systems: proof-of-work (PoW) and Proof-of-Stake (PoS) along with proof-of-storage. Let us move ahead to read about Gala technical analysis. Past Performance of GALA The GALA coin price action shows a growth of more than 30% in the past 48 hours, resulting in the consolidation range breakout. The rally breaks and reaches the crucial psychological mark of $0.25. Moreover, the recent jump creates a bullish engulfing candlestick in the price chart as it aims to surpass the 100-day EMA. GALA/USD Daily Chart GALA Technical Analysis The GALA coin price action shows an incredible breakout of the accumulation range between the $0.18 and $0.22 marks. The price jump creates a phenomenal follow-through candle of the morning star pattern made at the bottom of the range. The coin price breaks above the 20-day Exponential Moving Average and rises higher to breach the 100-day average. Moreover, the 50 and 100-day EMAs maintain a bullish alignment in the daily chart. Th...