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Token Name: $GALA
Signal Type: Long
Analyzing the GALA/USDT (Gala to Tether) pair on the 1-hour timeframe, the current trading price is $0.03593, and the setup hints at a potential bullish target of $0.05, representing a significant 40.62% increase. The chart reveals key technical indicators, including a robust uptrend supported by the green trendline and resistance zones marked in blue. A strong support level around $0.04 has been identified, while the highlighted arrow points to an anticipated upward price movement. If support holds and resistance is breached, buyers are likely to drive prices higher. However, traders should proceed with caution and wait for confirmation signals.
The Zero-Lag Moving Average Trend Levels combined with current market trends suggest a bullish outlook for GALA. Meanwhile, Bitcoin Dominance (BTC.D), currently at 58.23%, signals a bearish turn after failing to maintain resistance above 58.8%. BTC.D appears poised for a dip to the 55% support zone, creating a favorable environment for altcoins. This indicates we’re entering an exciting bullish phase for alternative cryptocurrencies.
Trade Setup:
Entry: Around $0.035
Take Profit (TP): $0.050
Stop Loss (SL): $0.031
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