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GALA (GALA) token price escaped the Darvas box and fell over 50% last month.
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Its on-chain metrics revealed an intense decline. More downsides will likely be seen in the future.
Following the broader market’s sharp fall, GALA underwent a selloff, dropping over 30% this week. For the past two months, it was hovering in a closed range.
Last month, it escaped the range and breached the lower neckline of the $0.04000 mark. Afterward, the sellers continued to stretch the fall reflecting dominance.
The ongoing trend favors the bears, the buyers were being cautious due to the corrective phase the crypto is in. Additionally, GALA was under the significant moving averages and displayed a sharp fall over the last three sessions.
The overall market sentiment is beyond terrible, with over $900 Million in long liquidations.
At press time, the Gala token traded at $0.0205 with an intraday decline of 13.36%, reflecting bearishness on the charts. It
We współpracy z: https://www.thecoinrepublic.com/2024/07/05/gala-reveala-a-range-breakdown-could-it-dive-to-0-0100-mark/
