GALA is pressing against its descending trendline after a strong rally from the 0.0145 demand zone. Price is now testing this level with EMAs converging just below, creating a possible breakout confluence.
If bulls can secure a close above the trendline and hold, the breakout could open the path toward the mid-0.017s and beyond. However, with Stoch RSI deep in overbought territory, a pullback to retest the 0.01536 or even 0.0145 support zone remains possible before continuation.
Key watchpoints:
– Trendline break confirmation with strong close
– Pullback potential due to overbought conditions
– Support levels at 0.01536 and 0.0145 as key bounce zones
If bulls can secure a close above the trendline and hold, the breakout could open the path toward the mid-0.017s and beyond. However, with Stoch RSI deep in overbought territory, a pullback to retest the 0.01536 or even 0.0145 support zone remains possible before continuation.
Key watchpoints:
– Trendline break confirmation with strong close
– Pullback potential due to overbought conditions
– Support levels at 0.01536 and 0.0145 as key bounce zones
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.