Breaking News: $6.6264K worth of $GALA shorts have been liquidated at a crucial price level of $0.03666.

This surge in liquidations hints at an intense battle between bulls and bears. The sudden upward price movement caused overleveraged short positions to be wiped out, forcing sellers to buy back at higher prices, fueling the rally further.

Key Levels to Watch:

Support: $0.03500 – A crucial zone where buyers might step in again.

Resistance: $0.03800 – Watch out; breaking this level could spark another price rally.

Why It’s Important:

Short liquidations often signify a shift in market sentiment. With bears on the back foot, bulls could take control and push prices higher in the short term.

Next Steps:

Traders, stay vigilant! If $GALA sustains above $0.03607, expect increased volatility and possible price surges. However, a drop below $0.035 might reignite bearish momentum.

Pro Tip: Always manage risk and keep an eye on market trends for sudden moves!

The crypto world is unpredictable, and moments like this remind us why it's so thrilling.

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