Gala dropped 35% this week, hitting a monthly low of $0.032.
Key support levels include $0.031, $0.0263, and $0.0216 for potential recovery.
Bulls need to reclaim $0.055 to spark a reversal toward $0.065.
Gala (GALA) has taken a steep fall this month, dropping to the lowest level in four weeks. A 35% weekly decline has shaken investor confidence, leaving traders on edge. Bears maintain control of the market, while buyers search for opportunities to regain ground.
https://twitter.com/CryptoinfosTA/status/1870525460192645328 Rejections Spark a Rapid Downturn
November started strong for Gala, with a surge of over 100% during the first week. However, rejection at a key level stopped the rally, and the price began to move sideways. Last week, bearish pressure pulled the price below $0.06, pushing it down to $0.04. A brief recovery saw the price climb to $0.055, but sellers rejected further advances.
This rejection triggered steady declines, with the price hitting $0.032 today—the lowest point in a month. The $0.03 level, a critical support zone from the previous rally, now stands as the market’s key focus. A strong defense of this level could bring buyers back and spark bullish momentum.
Key Levels Offer a Path Forward
A deeper correction may drive the price to $0.02 if bearish momentum continues. Support levels to watch include $0.031, $0.0263, and $0.0216. On the upside, reclaiming $0.0405 could signal a potential recovery. Breaking above $0.055 might push the price toward $0.065, opening the door to further gains. Gala’s current price action reflects ongoing volatility.
The $0.03 level remains crucial for buyers to hold and regain momentum. While bears still control the market, opportunities for recovery could appear if buyers defend critical zones. Traders should stay alert, as the coming days may reveal whether a reversal is on the horizon or further losses await.
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