Previous article This bullish GALA setup could trigger a 54% upswing Next article THE MEME COIN RECKONING HAS COME NEXT 100x PRESALE? Buy Now Buy Now THE MEME COIN RECKONING HAS COME NEXT 100x PRESALE? Buy Now Buy Now Home Latest Cryptocurrency News This bullish GALA setup could trigger a 54% upswing This bullish GALA setup could trigger a 54% upswing By Motiur Rahman - min read 08 June 2022 GALA appears to have been on a three-week price consolidation phase. The coin has shown great resilience during this period, and it may be poised for a very decisive bull run. However, this is a long entry position that requires a bit of patience. Here are the highlights to keep in mind: GALA’s consolidation has kept bear pressure off despite market headwinds The coin could break and swing by 54% in the green However, this will likely take a few weeks to materialize Data Source: TradingView GALA: The long play for 50% returns One thing we have learned about GALA over the past month is just how resilient it can be. Gaming and metaverse coins have not had a good year. But after falling sharply, GALA has managed to recover and has maintained a three-week price consolidation phase. The coin is now facing a decisive breakout, and here is why. First, all technical indicators appear to suggest a bull run is on the cards. The RSI reading is in the bullish territory while the price action remains above the 20- and 50-day EMAs. Also, sentiment in the market is now turning positive. If these conditions hold over the coming weeks, GALA has the potential to swing up by a whopping 54%. This surge will also push the coin above the crucial psychological zone of $0.12. Besides, GALA remains above several support zones, so downside risks are very minimal right now. How to enter this GALA setup? As noted above, the bullish GALA setup is long-term. In fact, we expect some volatility in between as the coin tries to surge to $0.12. So, if you want to enter this setup, you must take a long position. Some of these gains could be realized in a month or so. It requires patience and trading discipline. Share this article Categories Analysis Tags Altcoin altcoins Cryptocurrency News