The GALA coin price breaks below the $0.30 support zone and the 100-day EMA. Will the price action form another bottom at $0.20? The GALA coin price shows a 30% downfall from the recent rejection near the resistance trendline. The downfall cracks multiple support levels to reach $0.25. Moreover, today’s 7% reversal comes as a retest of the $0.30 zone. Key technical points: GALA coin price finds weak support near $0.25. The altcoin price breaks beneath the 100-day EMA. The 24-hour trading volume in the GALA token is $1.01 Billion, indicating an 18% rise. Past Performance of GALA The GALA coin price action shows a long-coming resistance trendline in the daily chart, keeping the bullish growth in check. The last 120% price jump from $0.20 failed to rise above the trendline, and recent rejection breaks below the $0.30 mark. Currently, the market value of a single GALA token is $0.2679, with a 7.27% spike in the last 24 hours. Source-Tradingview GALA Technical Analysis The rejection from the sellers driven descending trendline keeps the GALA coin under the downtrend. However, a reversal to the $0.20 will be an excellent buying spot for the long-term investors as it remains a crucial support level. The crucial 50 and 100-day EMAs maintain a bullish alignment in the daily chart as the price breaks below the two. Moreover, the falling slope of the EMAs indicates a high possibility of a bearish crossover. The RSI Indicator shows the sl...
