Gala Price Nearing A Strong Demand Zone?
Gala represents a web3 universe, anchored by its proprietary layer-1 blockchain known as GalaChain. Moreover, This blockchain is the driving force behind the diverse Gala entertainment realm, encompassing Gala Games, Gala Music, and Gala Film.
Expanding its horizons, GalaChain has recently welcomed external developers and ventures from various sectors, offering accessible open-source tools designed to simplify the development processes.
The daily GALA/USD chart reveals that the crypto had been in a correction phase for the last two months. The bears have retained control as the price continued to lower, forming a declining channel pattern.
However, the recent fall has dragged the crypto near a major demand zone from where the bulls may take the charge. At the time of writing, GALA crypto was hovering close to $0.025 recording a positive intraday gain of 3.9%.
Now, if the bulls are able to make a comeback, the price may bounce back from the demand and end its correction phase. on the contrary if the price breaks below the $0.025 level, it may indicate a bearish continuation.
Gala represents a web3 universe, anchored by its proprietary layer-1 blockchain known as GalaChain. Moreover, This blockchain is the driving force behind the diverse Gala entertainment realm, encompassing Gala Games, Gala Music, and Gala Film.
Expanding its horizons, GalaChain has recently welcomed external developers and ventures from various sectors, offering accessible open-source tools designed to simplify the development processes.
The daily GALA/USD chart reveals that the crypto had been in a correction phase for the last two months. The bears have retained control as the price continued to lower, forming a declining channel pattern.
However, the recent fall has dragged the crypto near a major demand zone from where the bulls may take the charge. At the time of writing, GALA crypto was hovering close to $0.025 recording a positive intraday gain of 3.9%.
Now, if the bulls are able to make a comeback, the price may bounce back from the demand and end its correction phase. on the contrary if the price breaks below the $0.025 level, it may indicate a bearish continuation.