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The post <a href="https://coinpedia.org/price-analysis/gala-price-eyes-0-10-breakout-for-a-massive-100-surge/" rel="noopener noreferrer nofollow">Gala Price Eyes $0.10 Breakout For A Massive 100% Surge!</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the meme coins and market leaders like Bitcoin and Ethereum finding strong bullish footing, altcoins are turning into tracer bullets. Amidst the top performers, the GALA price trend shows a remarkable 85% surge in the last 11 days.&nbsp;&nbsp;
With a turnaround story in 2024, GALA Games is returning to levels last seen in May 2022. Further, the underlying bullishness is on the rise, and the aim is for a new breakout run and to cross a psychological barrier.&nbsp;
As the altcoin picks up momentum, let’s have a closer look at the GALA price trend.&nbsp;
<h2 class="wp-block-heading" id="h-gala-price-reversal-eyes-0-10-breakout">Gala Price Reversal Eyes $0.10 Breakout&nbsp;</h2>
As per our last analysis, the GALA price trend shows a reversal rally sprouting with a double bottom pattern. With this pattern breakout, the bullish surge concludes the lower high formation and surpasses the $0.071 peak formed in August 2022.
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="461" src="https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78-1024x461.png" alt="" class="wp-image-277153" srcset="https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78-1024x461.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78-300x135.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78-768x346.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78-1536x691.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78-150x68.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/03/11114048/image-78.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Source: <a href="https://www.tradingview.com/x/d8Ili8AL/" rel="noopener noreferrer nofollow">TradingView</a>
Further, the bull run creates multiple consecutive green candles in the weekly chart. This accounts for a 300% increase in the market value of GALA price in 28 days.&nbsp;
Technical Indicators:
EMAs: The bullish turnaround surpasses the 50-week EMA, and the daily 50 and 200 EMAs maintain a positive alignment post-golden crossover.&nbsp;
RSI: The weekly RSI line enters the overbought territory signaling a huge increase in underlying demand for the gaming token.&nbsp;
<h2 class="wp-block-heading" id="h-will-gala-games-continue-the-uptrend">Will GALA Games Continue The Uptrend?</h2>
With this range breakout, the gaming token eyes to break past the psychological mark of $0.10. Currently, the GALA price trades at $0.074 with an intraday fall of 9.79%.&nbsp;
This sharp correction comes as a pullback of the magnificent 47% jump last night. Further, it is also the retest of the range breakout and brings an entry spot for sideline traders.&nbsp;
As per the Fibonacci levels and the supply zones present in the weekly chart, the breakout run could lead to massive gains. This is because the next resistances are $0.20, and the 50% Fib level is at $0.36.&nbsp;

Gala Price Eyes $0.10 Breakout For A Massive 100% Surge!

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