On January 8th, the GALA coin price gave a decisive breakout from a seven-month-long falling wedge pattern. The post-breakout rally surged the altcoin to $0.544, registering an 81% gain in the last 10 days. Amid this recovery, the buyers showed strong commitment by evident volume rise and assisted this coin in sustaining higher levels. The coin price is currently approaching another resistance of $0.057, which could offer an entry opportunity to sidelined traders.
Key points:
The long lower price rejection candle at the $0.046 level validates the sustainability above this newly obtained support.
A potential breakout from $0.057 could intensify the ongoing bullish momentum.
The intraday trading volume in the GALA is $529 Million indicating a 26% gain.
Source-Tradingview
With the ongoing recovery rally piercing another crucial resistance level of $0.057, the coin buyers obtain a higher footing to extend a bullish recovery. The GALA price maintains a strong sense of recovery by using ea
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