GALA/USDT gearing up for significant move👀🚀GALA Today Analysis
Updated
đź’ŽGala USDT is gearing up for a significant move. We've noticed that it's replicating a familiar descending channel pattern. Maintaining strong support will be a key indicator of its bullish momentum.
đź’ŽAnother observation is that it's trading above the mitigated Order Block (OB). This suggests that the market is preparing for a major bullish surge after the fulfillment of these orders.
đź’ŽAdditionally, Gala USDT is trading in a high-demand zone, which further supports the potential for a bullish move.
đź’ŽWe might also witness a retest of the channel support before it takes off upwards.
đź’ŽIn the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
đź’ŽAnother observation is that it's trading above the mitigated Order Block (OB). This suggests that the market is preparing for a major bullish surge after the fulfillment of these orders.
đź’ŽAdditionally, Gala USDT is trading in a high-demand zone, which further supports the potential for a bullish move.
đź’ŽWe might also witness a retest of the channel support before it takes off upwards.
đź’ŽIn the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey!
Note
đź’Ž From our previous analysis, GALAUSDT has been caught in a consolidation phase, yet we remain hopeful for a bullish surge as initially predicted.đź’Ž Amidst the observed market uncertainty, with Bitcoin experiencing a significant drop, it's noteworthy that GALA has demonstrated strong resilience, maintaining its position despite the volatility.
đź’Ž The RSI remaining above 50 is indicative of the continuation of bullish momentum.
đź’Ž Additionally, there's a supply zone containing an imbalance and an order block that needs to be addressed for further price action.
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