Gala (GALA) token witnessed outperformance and soared over 20% in the last three sessions. It approached the 100-day EMA barrier and was trying for a
The GALA token price showcased a bullish bias as it approached a crucial resistance level. It noted a relative strength index (RSI) of 52, indicating a neutral outlook. However, the MACD indicator displayed a bullish trend.
Moreover, the futures market data indicated a strong demand for long contracts, evident from the positive funding rate of 0.0126%. This countered the narrative of traders being overly bearish on GALA.
The Open Interest (OI) also rose by 1.98%, suggesting a buildup activity. Immediate support levels stood at $0.02100 and $0.02000, while resistance levels were at $0.02300 and $0.02450.
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