Have you noticed GALA’s impressive surge lately? The recent breakout from the resistance zone (Green) at $0.04032 - $0.04144 is signaling that momentum is rapidly increasing, with the next critical level just ahead. The question remains: Will GALA settle for a bullish trend, or are we on the brink of a hyper-bullish surge? Let’s explore further!
GALA has not only moved beyond the resistance zone (Green) at $0.04032 - $0.04144 but has also reclaimed a significant structural level that has previously served as both support and resistance. With prices now above this level, bulls have laid a strong foundation for future growth.
Currently, GALAUSDT is testing a descending trend line, which it has been below since early December. This is a crucial area to monitor! A breakout above this trend line could lead to a series of breakouts, often indicating significant bullish strength on the horizon. If the bulls manage to overcome this trend line, it could be a game-changer.
Upon clearing the resistance, GALA is likely to target the next resistance zone (Pink) at $0.05271 - $0.05413. However, if the momentum remains strong, we might see GALA push even higher towards the next resistance zone (Blue) at $0.06288 - $0.06483, which is often associated with considerable profit-taking. Traders should exercise caution at this level, as it has historically attracted sellers.