GALA Approaches a Key Resistance – Is a Pullback Next?
$GALA has gained strong momentum over the past 24 hours, supported by improving sentiment across the crypto and GameFi sectors. However, there hasn't been any major fundamental announcement behind today's move.
Technically, the price is now approaching a major resistance zone and a cumulative short liquidation area, where selling pressure could increase.
📉 A short-term pullback of around 5% toward the support zone would be a healthy scenario before any attempt to continue higher.
Key Levels
🔴 Resistance zone: $0.002820–$0.002662
🟢 Support zone: $0.002470–$0.002390
Cumulative Short Liquidation Leverage: $0.002636–$0.002602
Cumulative Long Liquidation Leverage: $0.002500–$0.002457
Cumulative Long Liquidation Leverage: $0.002280–$0.002190
Do you think GALA will break above resistance, or is a correction more likely first? 👇
#gala
$GALA has gained strong momentum over the past 24 hours, supported by improving sentiment across the crypto and GameFi sectors. However, there hasn't been any major fundamental announcement behind today's move.
Technically, the price is now approaching a major resistance zone and a cumulative short liquidation area, where selling pressure could increase.
📉 A short-term pullback of around 5% toward the support zone would be a healthy scenario before any attempt to continue higher.
Key Levels
🔴 Resistance zone: $0.002820–$0.002662
🟢 Support zone: $0.002470–$0.002390
Cumulative Short Liquidation Leverage: $0.002636–$0.002602
Cumulative Long Liquidation Leverage: $0.002500–$0.002457
Cumulative Long Liquidation Leverage: $0.002280–$0.002190
Do you think GALA will break above resistance, or is a correction more likely first? 👇
#gala