Galxe GAL price out of the downtrend, what is the growth goal ?
From the description of the Galxe (GAL) project, we can conclude that the project was built by a team with experience for future development in the WEB3 direction.
The only obvious thing that the project creators miscalculated was the moment of listing, when the crypto market was in the active stage of a downward trend. Or maybe it was intended that way?)
In fact, from the moment of listing to the present day, the price of GALUSDT has been in a downward trend.
And today, buyers loudly "slammed the door" and said goodbye to the downward trend.
They broke up the trend line in a big way, with the price rising by 50% in a few hours
However, the price hit a strong liquidity zone of $2.20-2.40, which, in our opinion, will not be able to break through the first time.
A correction to the $1.35-1.50 zone is possible, where it will be more confident to buy GAL for a medium- and long-term portfolio.
The first medium-term target that can be seen from above is $4.25
_____________________
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The only obvious thing that the project creators miscalculated was the moment of listing, when the crypto market was in the active stage of a downward trend. Or maybe it was intended that way?)
In fact, from the moment of listing to the present day, the price of GALUSDT has been in a downward trend.
And today, buyers loudly "slammed the door" and said goodbye to the downward trend.
They broke up the trend line in a big way, with the price rising by 50% in a few hours
However, the price hit a strong liquidity zone of $2.20-2.40, which, in our opinion, will not be able to break through the first time.
A correction to the $1.35-1.50 zone is possible, where it will be more confident to buy GAL for a medium- and long-term portfolio.
The first medium-term target that can be seen from above is $4.25
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more
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