GALA Technical Analysis: Will The Buyers Hit $0.25?

GALA coin price continues to fall after the bearish wedge breakout and approaches the $1 mark. Will the bears demolish another psychological support? Key technical points: The coin price approaches the $1 mark. The RSI approaches the oversold zone. The 24-hour trading volume of GALA is $886 Million, marking a 26% rise. Past Performance of GALA GALA coin price rests above the $0.20 support zone with the constant overhead bearish influence by the resistance trendline. As a result, the coin price consolidates for a week with no significant fluctuations representing minimum trading activities. However, this sideways movement is a blessing in disguise for GALA holders as other Meta tokens like MANA and SAND have declined by 20% and 15% last fortnight. Source-Tradingview GALA Technical Analysis GALA coin price could show a reversal to the resistance trendline as the overall market recovers. However, a rise in trading volume is a must for the bullish breakout of the resistance trendline. The 50-day and 100-day EMA give a bearish crossover but struggles for a bearish spread. Therefore, the bulls can still sabotage the crossover with a reversal and bring another bullish crossover. However, as altcoin trades below the EMAs, the strings will provide dynamic resistance to the turnaround. RSI Indicator: The RSI slope moves in a zig-zag line maintaining a sideways trend below the 50% line. However, despite being able to withstand the sellin...