GAL/USDT Bearish Chart Analysis
Hello,
Let's discuss the technical analysis of GAL/USDT. Currently, the trading price of GALUSDT is at $1.7, which shows a 71% increase from the recent bottom. In comparison to the recent bottom of December 2022, the price has gone up by 180%.
As per the chart in the higher time frame, if the White TrendLine support level is not breached, we might witness further downtrend in GALUSDT.
The current resistance level for the cryptocurrency is at $2. If the price fails to break through this level, I expect it to test the $1 mark within the next few weeks.
Therefore, it is recommended to keep a close watch on the support and resistance levels for GAL/USDT, which are at $1 and $0.5 for support, and $2 and $2.5 for resistance.
If you find this analysis helpful, please click the like button and appreciate my hard work. Do follow me for the latest real-time updates on cryptocurrencies.
Thank you.
Let's discuss the technical analysis of GAL/USDT. Currently, the trading price of GALUSDT is at $1.7, which shows a 71% increase from the recent bottom. In comparison to the recent bottom of December 2022, the price has gone up by 180%.
As per the chart in the higher time frame, if the White TrendLine support level is not breached, we might witness further downtrend in GALUSDT.
The current resistance level for the cryptocurrency is at $2. If the price fails to break through this level, I expect it to test the $1 mark within the next few weeks.
Therefore, it is recommended to keep a close watch on the support and resistance levels for GAL/USDT, which are at $1 and $0.5 for support, and $2 and $2.5 for resistance.
If you find this analysis helpful, please click the like button and appreciate my hard work. Do follow me for the latest real-time updates on cryptocurrencies.
Thank you.
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