GALA Price Holds $0.01485 as Traders Watch $0.012 Support in Descending Triangle

News, Trending

  • GALA is consolidating inside a descending triangle, with $0.012 acting as a critical support level.
  • A rebound from $0.012 could lift the price toward $0.017–$0.018, while a breakdown risks a drop to $0.010.
  • The coin trades at $0.01485 after a 3.8% daily decline, with resistance set at $0.01563.

GALA is consolidating inside a descending triangle formation, with its price holding close to a critical support zone. The asset currently trades at $0.01485 after a 24-hour decline of 3.8 percent. Price action shows tightening ranges, suggesting the importance of the $0.012 level, which has twice acted as a strong floor.

Daily Price Action and Key Levels

GALA is trading a bit above its short term support of $0.01473 at the time of reporting. The day-to-day movement is subdued with the range set at 0.01473 -1.563. The coin has dropped by 3.8 percent over the last 24 hours. Against Bitcoin, GALA is valued at 0.061326 BTC, reflecting a 3.4 percent adjustment. Against Ethereum, the valuation stands at 0.053683 ETH, marking a 0.5 percent shift.

The descending triangle pattern continues to pressure the price downward. Each lower high points to restricted upward attempts, while the $0.012 support has consistently absorbed selling activity. This support has become a central level for assessing short-term direction.

Consolidation and Support Testing

Notably, GALA has rebounded twice from the $0.012 floor since April. These moves created a track record of strong buying interest at that level. Analysts observe that repeated tests of such support areas often define the next phase of price action.

https://twitter.com/CryptoPulse_CRU/status/1971080991444701203

If the market pulls back again, a slide toward $0.012 remains possible. A confirmed bounce at this point would drive the asset again to the range of $0.017-0.018. A lower break of $0.012 would however expose the market to more losses which could push the price to as low as $0.010.

Market Context and Technical Outlook

Market conditions continue to highlight GALA’s restricted momentum. The descending resistance trendline limits upward attempts, while the flat support base reinforces the triangle formation. This setup keeps traders focused on reactions around the $0.012 zone.

The broader range has narrowed, with lower highs tightening above stable support. Price behavior within this formation remains critical for determining the next phase of movement. Short-term focus stays on whether support at $0.012 will continue to hold or break under increased pressure.

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