GALA Technical Analysis: Consolidation and The Target Of $0.38

The trading week of GALA cryptocurrency on 11 April will be extremely important in the medium term. In the weekly timeframe, the price came to a key liquidity zone of $0.2. This mark confidently withstood the GALA fall in January 2022 and formed a consolidation in the market, which continues to this day. During the 4 trading weeks on 7 March, buyers tried to start the growth wave. This attempt was really unsuccessful. In 4 weeks the GALA price increased by 20%, which for such altcoin is quite possible to achieve in 4 hours. GALA’s lazy growth without volumes shows that buyers are not interested in buying cryptocurrency in the range of $0.2. And this fact indicates a high probability of continuing the downward trend and updating the local low. In this case, investors should prepare for the GALA cryptocurrency test of $0.11. This is the only and closest liquidity level where the common interest of buyers can maximize. However, to sow panic and approve these words as the main scenario is a little early. At the time of writing, sellers have not taken control of the $0.2 mark. Keeping this mark on the weekly timeframe will form a triangular consolidation with a breakdown upwards and a $0.38 test. So while buyers control $0.2 – there is now a good opportunity for a medium-term investment in GALA with low risks and a probable return of 90%. Technical Analysis Of GALA On The Daily Timeframe https://www.tradingview.com/x/EG0wicXK/ Anal...