The price of Gala Games (GALA) has been moving in a consolidation manner for a while now, moving between $0.05288 and $0.03758, forming a Descending Triangle pattern in the process. GALA has been on a bearish trend since hitting its all-time high of $0.08714, making a drop of over 300%.
GALA’s price is still consolidating within the triangle, building up momentum for a potential breakout. Based on the descending triangular pattern the price of GALA is forming, it could either break above or break below.
In this article, we will see the possible price actions when a potential breakout from the triangle occurs and how far it could move.
At the time of writing, the crypto asset’s price was down by 1.45%, trading around $0.04287 below the 100-day moving average (SMA) in the last 24 hours both on the 4-hour and 1-day timeframe. Its market capitalization is currently over $1.3 billion with a trading volume of over $199 million which is over 25% down in the last 24 hours.
Pri
We współpracy z: https://bitcoinist.com/gala-forms-descending-triangle-pattern/
