Gala (GALA) and Toncoin (TON) gain momentum. Is a rally imminent?

$GALA $TON Ahead of significant breakouts, Gala (GALA) and Toncoin (TON) gain momentum. Is a rally imminent?

After the U.S. December 2024 Consumer Price Index (CPI) report was released, the cryptocurrency market experienced upward momentum. According to the data, inflation increased by 0.2%, from 2.7% in November to 2.9% now. While core inflation increased less than expected, Bitcoin responded by hitting the $99,000 barrier, which was in line with market forecasts.

Major altcoins like Gala (GALA) and Toncoin (TON), which are getting close to crucial breakout levels, are feeling the same good vibes. These indicators point to the possibility that their individual rallies will continue.

Gala (GALA): Currently trading at $0.03785, Gala (GALA) suggests that a big breakout is imminent. The current upward push has pushed the price near the crucial resistance line, where it has been consolidating within a descending triangle pattern.

Toncoin (TON): At $5.40, Toncoin (TON) is likewise at a critical point. A descending channel pattern's upper resistance, which corresponds to a horizontal resistance zone at $5.52, is being approached by the price. The current price movement is especially noteworthy because of the convergence of resistance levels.

The next goals for TON might be $5.80, $6.44, and $7.20 if a breakout above this region is successful. In this case, the price might rise by 33% from its current level.

With the signal line below the MACD line, the setup is still encouraging even though the MACD is currently bearish. If the price breaks past resistance, as it frequently does in these situations, there may be a change in momentum. At 43, the RSI is still in the neutral zone, indicating that there is still plenty of opportunity for positive movement.

Is a Rally Approaching?

Altcoins like GALA and TON have benefited from the revival of the larger cryptocurrency market, which was spearheaded by Bitcoin's impressive rebound. With distinct resistance levels in view, both tokens display distinct technical patterns suggestive of upcoming breakouts.