Gala (GALA) Price Movement Update 🚀

Current Price: $0.02327 (GALA/USDT)

Change: +3.51%

Position: LONG

In the latest 1-hour chart for $GALA /USDT, the price is currently consolidating within a defined range, bouncing off lower support levels while testing resistance at the top. A breakout beyond this resistance could trigger a price surge of up to 14%, as indicated by the upward momentum signal. The RSI sits at 58.63, highlighting moderate bullish strength. Traders should wait for a confirmed breakout before entering long positions for more favorable risk-reward potential. 📈

In a separate 4-hour chart for USDT dominance, we notice the formation of a potential Descending Scallop pattern, signaling a bearish move ahead. The price is approaching resistance at 4.51%, with a possible pullback toward 4.32%, indicating a decline of around -3.99% if the support fails to hold. The RSI at 47.35 suggests weakening momentum, pointing to potential shifts in capital flows toward riskier assets like Bitcoin and altcoins.

Traders should stay alert for signs of reversal or continuation, adjusting their positions accordingly as market conditions evolve.

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