GALA Coin Analyzes
1. Chart and Target Prices:
• The chart contains the analysis of the GALA/USDT pair on the monthly (1M) time frame.
• Current price: 0.04988 USDT.
• Target levels:
• The resistance level for the medium term is 0.07000 USDT.
• Long-term target price may be between 0.15000 - 0.20000 USDT depending on the trend break.
2. Support and Resistance Levels:
• Supports:
• 0.03000 USDT: A strong horizontal support level.
• 0.02000 USDT: Main support point.
• Resistors:
• 0.05000 USDT: Critical resistance zone.
• 0.07000 USDT: Medium term resistance.
• 0.10000 USDT and above: The region that can be targeted in the long term.
3. Indicators:
• The trend line has been broken upwards, which is a positive signal.
• Indicators such as momentum and RSI show the potential for an upward movement.
• The volume increase is remarkable; this shows that investors' interest is increasing.
4. Formations and Formation Reversals:
• There is a “Downtrend Breakout” in the monthly time frame.
• This breakout generally signals the start of an uptrend.
• If the formation reversal is completed, prices can be expected to rise to higher levels.
5. Trend Direction:
• The current trend is upward.
• If monthly closings occur above 0.05000 USDT, upward momentum may increase.
6. Strategy and Recommendations:
• Short Term:
• You can consider buying above 0.05000 USDT.
• 0.03000 USDT can be determined as the stop-loss level.
• Medium and Long Term:
• An increase up to 0.07000 USDT level can be expected.
• In the long term, the 0.10000 - 0.15000 USDT region can be targeted.
• It will be critical to follow volume movements. Volume-supported breakouts can validate the strategy.
In conclusion, the current breakout of GALA Coin indicates a positive market movement. However, remember to be prepared for market volatility.