$GALA Technical Analysis 📈💯🔥

Current Price: $0.04831

Daily Change: -2.89%

24h Range: Low $0.04829 | High $0.05222

Chart Observations:

1. Support and Demand Zone:

The price is testing a key support zone around $0.04500–$0.04800. This area has shown strong buyer activity in the past.

Holding this support will be critical for a potential reversal.

2. Resistance Levels:

Immediate Resistance Zone: $0.06500–$0.07000. This area has previously acted as a supply zone where sellers emerged.

3. Projected Price Movement:

The chart outlines a W-shaped recovery pattern (double bottom potential). If the price holds the support at $0.04500, we may see a bounce upward:

Short-term Target: $0.05000

Medium-term Target: $0.06000

Key Resistance: $0.06500

Bullish Setup 📈

If the price respects the support level at $0.04500 and maintains momentum:

The price could rally towards $0.06000 in the coming sessions.

A breakout above $0.06500 could signal further bullish momentum.

Recommendation:

Watch for confirmation of support at $0.04500. A higher low followed by increasing volume could trigger an upward movement toward resistance levels.

⚠️ Disclaimer: This is for educational purposes only and not financial advice. Always do your own research!