Crypto markets continue to exhibit volatility, with GALA and THORChain’s RUNE token displaying intriguing price movements. Recent technical analyses suggest potential upward trajectories for both assets, despite mixed short-term performance.
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GALA Holds Strong Above Resistance
GALA, the native token of the Gala Games ecosystem, has maintained its position above a key resistance level. Crypto analyst JavonTM1 highlighted this development on X, pointing to a possible bullish scenario.
“With prices of $GALA continuing to hold well broken out of a massive resisting structure, these prices can be subject to a major uphill run towards a breakout target @ 0.71205436,” JavonTM1 stated.
The analyst further noted that GALA is forming higher lows, potentially signaling an intact uptrend. JavonTM1 suggested this pattern could lead to a substantial price increase, projecting a climb of over 3,750% to reach the specified target.
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THORChain’s RUNE Forms Bullish Pattern
Meanwhile, THORChain’s RUNE token has caught the attention of traders due to a promising chart formation. Crypto enthusiast CryptoFaibik shared his analysis on Twitter, identifying a bullish setup.
“$RUNE Falling Wedge formation on the Daily timeframe Chart..!! In case of Successful Breakout, expecting +200% Bullish Rally in the Midterm,” CryptoFaibik tweeted.
The analyst advised investors to consider accumulating RUNE tokens and hold patiently, anticipating a potential breakout from the falling wedge pattern.
Recent Price Performance
Despite the optimistic technical outlooks, recent price data from CoinGecko reveals mixed short-term performance for both tokens.
GALA currently trades at $0.01607, experiencing a daily trading volume of $103,165,496. The token has seen a 5.63% price decline in the last day and a 6.32% decrease over the past week.
In contrast, THORChain’s RUNE token has shown positive momentum. RUNE’s price stands at $3.87, with a trading volume of $425,678,916. The token has gained 4.73% in the last 24 hours and an impressive 17.41% over the past seven days.
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