$GALA A testing the lows: Will it survive? đ§đ„
Gala ($GALA) has been in a prolonged downtrend, currently sitting at $0.01756. The 99-day SMA at $0.01827 is acting as a heavy resistance, while the 25-day SMA is hovering just above at $0.01804. This suggests that bulls are having a tough time pushing the price higher. MACD shows very weak momentum, with the histogram barely moving in the positive zone, which is not giving confidence for a quick bounce.
The volume at 37.49M is far from impressive and suggests little interest from traders. If $GALA fails to break the $0.018 resistance, we might see a return to the $0.015 range as bearish pressure continues to weigh down. But if the market picks up momentum, a small relief rally could push it back to $0.02 levels, though the chances are slim given current sentiment.
Until we see stronger signals and higher volume, the trend looks set to remain weak. Be cautious with any bullish hopes here. đ
