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GALA set to correct after signalling bearish divergence on the RSI
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ambcrypto.comGALA coin was experiencing a massive rally following a down-channel which lasted between 16 September to 16 November. The Ethereum token, which is used as a medium of exchange between Gala games and its participants, has surged by over 340% since its breakout.
However, a bearish divergence along the RSI exposed GALA to a near-term correction before the next upcycle. At the time of writing, GALA traded at $0.453, up by 40.5% over the last 24 hours.
Source: GALA/USD, TradingView
GALA’s down-channel breakout on November 16 enabled a fervent bull run which has accounted for a 340% percentage increase from the breakout point of $0.1086 to an ATH of $0.476. Moreover, a bullish pennant breakout also allowed GALA to maintain its upwards run and tag
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