Technical Analysis: Gala Jumps 37% Higher, as Crypto Bulls Return – Bitcoin News

Bulls returned to action on Saturday, as the global crypto market capitalization was around 8% higher.Following a huge week of news in the gaming and crypto space, it was only a matter of time till traders turned their attentions toCrypto bulls flocked to GALA to start the weekend, pushing prices of the gaming-based blockchain almost 40% higher

GALA/USD, rose to an intraday high of $0.2668, following its low of $0.1865 during yesterday’s session. Today’s move has come just as the price of GALA broke out of its 2-week resistance level of $0.2115, which has been held since January 21.As seen from the chart, this rally led to two consecutive breakouts of recent ceilings in the 14-day RSI, firstly the 35 level, followed by 41.

Overall, GALA is significantly below its ATH of $0.8415, which was established on November 26, despite this, some still have hopes of this eventually reaching $1.Similar to yesterday, there were not many bears at the start of the weekend , with around five of the top 100 cryptocurrencies marginally falling.

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