๐ $GALA /USDC Chart Breakdown! ๐
Current Price: $0.01968 (Rs 5.6)
Key Observations (1h timeframe):
* Strong Uptrend: GALA is showing a significant +5.02% gain, trading above both its 7-period ($0.01946) and 25-period ($0.01895) Moving Averages.
* Recent High: Approaching the 24h high of $0.01981, indicating strong bullish momentum.
* Volume Spike: Healthy buying volume observed, supporting the upward price movement.
What to Watch:
* Resistance Test: The 24h high ($0.01981) is a critical resistance level. A clear break above it could lead to further gains.
* Support Levels: The 7-period MA ($0.01946) and the 24h low ($0.01810) act as immediate and strong support areas.
Outlook: The short-term outlook for GALA appears strongly bullish. Watch for a decisive break above resistance or a consolidation around current levels.
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