Gaming crypto GALA rallies nearly 350% in November — Correction ahead?

Gaming crypto GALA rallies nearly 350% in November — Correction ahead?

Gala Games\’ in-house currency GALA rallied by nearly 350% in November, ignoring corrections across the top cryptocurrencies, including Bitcoin (BTC). Notably, GALA price surged from $0.088 to $0.42 between Nov. 1 and Nov. 22.

GALA/USD four-hour price chart. Source: TradingView

GALA\’s gains came primarily in the wake of a price rally across a majority of gaming and metaverse crypto assets. For instance, MANA, the native token of Decentraland — a blockchain-based virtual world that allows users to create, experience and monetize content and applications, climbed by more than 30% month-to-date.

GALA/USD four-hour price chart featuring H&S setup. Source: TradingView
GALA/USD four-hour price chart featuring bearish divergence. Source: TradingView
GALA/USD four-hour price chart featuring bull pennant setup. Source: TradingView

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