Currently, #GALA is trading within a descending channel and nearing a key demand zone. The price is testing a critical level around $0.01830 , which could lead to a significant bullish breakout if sustained momentum is achieved.
Should this occur, we could see #GALAUSDT challenging the descending resistance and aiming for the major supply area at $0.03200.
A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
If #GALAfaces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.01400.
Falling below this support could indicate a prolonged bearish trend, with $GALA continuing to trade within the descending channel.
Should this occur, we could see #GALAUSDT challenging the descending resistance and aiming for the major supply area at $0.03200.
A breakthrough above this supply zone could trigger a substantial bullish rally, potentially pushing the price toward a strong resistance level. However, we must also consider the possibility of rejection at this supply area.
If #GALAfaces resistance here and loses momentum, we might witness a bullish rebound from the solid support at $0.01400.
Falling below this support could indicate a prolonged bearish trend, with $GALA continuing to trade within the descending channel.
❤86👍55