The gala we marked the day before yesterday has risen by more than 18% in the past 24 hours, but it fell back yesterday and it started to be chaotic. If you don’t like this, you can just not enter the market or skip it. You can also ignore what I say below. The bottom is for reference for our entry in the past two days
First, let’s look at the news. The official has announced that it has completed the destruction of 1 billion
Due to the continuous suppression of the shorts last night, the price of gala continued to fall. Here we should also understand that there is no continuous rise and fall in line with the market law
Despite the decline, the bulls still showed resilience, preventing the bears from further offensive and establishing a solid support level.
If the bulls can maintain the upward momentum in the support area, they may push the price back to the high of $0.0634 to recover losses.
Let’s take a look at the market: Gala’s price showed a strong bullish trend, rebounding from the support level of $0.04039, and we also entered the market from around 0.42. If the momentum continues, the price will rise to $0.06340. A break above this point could push it towards the all-time high of $0.8248
On the other hand, if the bulls lose momentum, the bears may step in and pull the price back to the support area of $0.04039. If this level is broken, the next support to watch would be $0.03405
