GALA delete a tweet— Prices tell the tale; Stunt or a Mistake?

Gala Games deleted a tweet last week.
The prices have fallen more than 20% since then.
Analysts sense a future rally.

Gala Games’ native token, GALA, stammers after the gaming platform deleted a tweet. The deleted tweet announced a partnership with A-list Hollywood stars Mark Wahlberg and Dwayne Johnson, aka “The Rock.” The community already sensed what was happening on Twitter, and the stunt confirmed that there is, in fact, a development going on involving the celebrities.

The tweet also disclosed that the users could acquire Gala Films tickets by scanning a QR code. Moreover, a company representative said that the development was a part of a larger conversation and was not meant to be announced on social media. The retrieval of the post affected the token prices, indicating the ongoing project may have a mighty impact on the ecosystem in the coming years.

The chart tale

The GALA prices form a bullish flag as they face a staggered rise due to the mistaken post. The trading volume also sees high volatility due to both sellers and buyers interacting with each other. The OBV witnesses downticks, displaying how triggered the fans were. All crucial EMAs lie beneath the flag as they were claimed while surging. If the current prices can sustain above $0.055, a solid bull run may be established, targeting levels near $0.070.

The suppressed rally is well-reflected by CMF as it goes parallel to the baseline to show a stagnant market. The MACD records ascending buyer bars that swamped due to the disclosure but are now withdrawing as the post is deleted. The RSI that jumped to the overbought zone now tries to retrace back to show forfeiting buyers.

The peephole

The smaller time frame shows prices rising, forming steps. The CMF moves sideways near the zero-mark in the positive zone. The MACD lines intertwined with each other to record both buyers and sellers interacting in the market. The RSI slips down near the half line to set the market at neutral. The study suggests the market has not lost its momentum and can still rocket in future.

Conclusion

The market showcased what impact the actual disclosure may have on the coin and how disappointed the holders were at the withdrawal of the announcement. The glimpse of the future reaction was strong enough to rally the prices. The holders must watch out for the breakout near $ 0.055 to enjoy the rocket.

Technical levels

Support levels: $0.040 and $0.025

Resistance levels: $0.070 and $0.085

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.