📉 GALA in Deep Downtrend – Is a Breakout Coming or More Pain Ahead? 🚨🔥
GALA is currently trading at $0.01976, stuck inside a long-term descending channel on the weekly chart. The chart shows that bears are still in control, but is there a breakout on the horizon? Let’s break it down 👇
🔍 Current Overview
📊 Price: $0.01976
🔻 Trend: Long-term downtrend within a descending channel
📉 Volume: Decreasing lately – less momentum
🟡 Last bounce: Seen at the lower boundary of the channel (late 2024)
🧱 Key Support Levels
$0.01812 ✅
$0.01677
$0.01565
$0.01455
$0.01248 🔻
If these break, GALA may revisit channel lows again 😬
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🛑 Resistance Zones
🧱 Immediate: $0.02115
🔺 Next major zones:
$0.03300
$0.04880
$0.08635 – $0.09000 (Strong historical barrier)
🔮 What’s Next for GALA?
📉 1. More Downside? (Most Likely)
As long as GALA stays inside this descending channel, downtrend remains dominant
If support at $0.01812 breaks, expect a drop towards $0.01565–$0.01248
🔄 2. Sideways Move
Price could consolidate between $0.018–$0.021 before deciding direction
Low volume = likely ranging zone
🚀 3. Breakout Potential?
A bullish breakout would require:
Strong move above $0.02115
Volume spike + market support
If confirmed, upside targets: $0.03300, $0.04880
⚠️ Final Take:
GALA is in a critical zone.
While the trend is bearish, watch for a breakout above $0.02115 if sentiment improves.
Until then, this is a downtrend trader’s market, not a moon mission… yet 🚀
🧠 Always DYOR – weekly charts take time to play out!