Yello, Paradisers! Is #GALA breakout from a descending channel a game-changer or just a trap? Let's dive into the latest analysis of #GALAUSDT:
💎#GaLa has just broken above the Descending Channel after months of consolidation between $0.0154-$0.0166. This breakout could be huge, as GGALA has been stuck in this range for 4-5 months, but now, we’re seeing a potential shift toward bullish momentum.
💎For the bullish rally to take off, #GALAUSDT needs to break above the internal resistance at $0.0244. If it clears that level, the next target will be the major resistance zone, which could spark a much stronger rally.
💎However, don’t celebrate just yet. If GALA loses steam, we might see a pullback to retest the breakout around the demand zone. Failure to hold here could send the price down toward the lower demand zone at $0.0131.
💎A breakdown below this lower support would flip the script entirely, and the bears would regain control, potentially driving #GALA even lower.
Stay focused, patient, and disciplined, Paradisers🥂