Current situation: GALA is experiencing a price decline, with clear selling pressure in the order book.
Technical indicators: RSI indicators strongly suggest oversold conditions in the short and medium term, which may open the door for a potential bullish rebound. However, the MACD indicator suggests the continuation of bearish momentum.
Important levels:
Immediate resistance: 0.01841 (based on pending sell orders).
Immediate support: 0.01839 (based on pending buy orders).
Lowest price in 24 hours: 0.01824, which is an important support level to watch. If this level is broken, the currency may continue to decline.
Advice for traders (not investment advice):
For potential buyers: it may be a suitable time for close monitoring and waiting for strong signals of a bullish rebound, especially with RSI indicators indicating oversold conditions. A dollar-cost averaging strategy can be used at strong support levels.
