GALA is showing clear bearish signs after losing a strong key support zone near $0.0165–$0.0166. The price has now retested this zone and failed to reclaim it, confirming a possible bearish continuation.
Key Observations:
Breakdown Confirmation: Price is now trading below the previously strong support area, which may now act as resistance.
Bearish Retest in Play: A textbook retest is visible with rejection from the $0.0166 zone — a signal bears are in control.
Next Support Level: The next major demand zone is around $0.0150, which also acted as a resistance-turned-support in the past.
EMA Pressure: Price is below the 9 EMA, which is sloping downward — adding momentum to the downside move.
DYOR NFA
