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<p class="is-style-lead">Gala has retraced into a bullish order block that aligns with the 0.618 Fibonacci level and the value area low. Price is now bouncing from this support zone, setting the stage for a potential rally.</p><div id="cn-block-summary-block_584414c4bf5906f9e697a6889d82f0ec" class="cn-block-summary"><div class="cn-block-summary__nav tabs"><span class="tabs__item is-selected">Summary</span></div><div class="cn-block-summary__content"><ul class="wp-block-list"><li>Gala is bouncing from a high-probability reversal zone with strong technical confluence.</li><li>A double bottom may form if price continues upward without retesting lower support.</li><li>Breakout from range requires point of control reclaim and strong bullish volume.</li></ul></div></div><p>Gala (<a href="https://crypto.news/price/gala/" rel="noopener noreferrer nofollow">GALA</a>) has initiated a move from a high-confluence support zone after testing a key bullish order block. This area sits at the base of the current range and is reinforced by both the value area low and the 0.618 Fibonacci retracement. The price response here signals early signs of a bottoming structure that could trigger a reversal toward high time frame resistance levels.</p><h2 class="wp-block-heading" id="key-technical-points">Key technical points</h2><ul class="wp-block-list"><li><strong>Support Confluence:</strong> Bullish order block, value area low, and 0.618 Fibonacci.</li><li><strong>Current Resistance: </strong>Point of control, which must be reclaimed for continuation.</li><li><strong>Pattern Setup:</strong> High time frame double bottom structure forming at support.</li></ul><figure class="wp-block-image size-full"><img width="2710" height="1280" src="https://media.crypto.news/2025/08/GALAUSDT_2025-08-08_02-29-20.png" alt="Gala finds support at key bullish order block, bulls eye breakout towards higher prices - 28" class="wp-image-14403760"><figcaption class="wp-element-caption"> GALAUSDT (1D) Chart, Source: <a href="https://www.tradingview.com" rel="noopener noreferrer nofollow">TradingView</a></figcaption></figure><p>Gala’s price action has followed a technically clean retracement after its prior impulse wave, finding support within a bullish order block that overlaps with both the value area low and 0.618 Fibonacci retracement. This zone offers a high-probability reversal location, especially if price maintains structure and avoids candle closes below the broader value area low.</p><p>This region is forming what appears to be a wide-range bottoming structure, where multiple candle closes around the same level suggest ongoing accumulation. If this structure holds, it could serve as the foundation for a larger reversal targeting the swing high and eventually higher resistance levels.</p><p>To confirm the bounce as legitimate, bullish volume influxes are essential. The volume profile will play a key role in validating the move. As price rises from this support, it will inevitably test the point of control, the range’s most traded level and a critical zone of resistance. A successful reclaim of the point of control on a closing basis will open the door to higher prices and significantly increase bullish momentum.</p><p>You might also like: <a href="https://crypto.news/bio-protocol-price-jumps-70-amid-v2-upgrade-and-staking-launch/" rel="noopener noreferrer nofollow"> Crypto rally: Why are Bitcoin and altcoins going up today? (07/08) </a></p><p>This bounce also reinforces a potential double bottom formation on the high time frame. Holding this structure provides Gala with the opportunity to break out of its current range without revisiting lower supports. This setup would confirm strength at the current level and establish a firm base from which to launch further.</p><p>However, a true breakout from the trading range, defined between high time frame support and resistance will require above-average volume to validate the move. Without this, price risks slipping back into the range and delaying the bullish continuation.</p><h2 class="wp-block-heading" id="what-to-expect-in-the-coming-price-action">What to expect in the coming price action</h2><p>Technically, Gala is well positioned, the market is showing signs of accumulation, confluence is present, and volume now becomes the deciding factor in whether this rally materializes. If the bullish order block holds and Gala reclaims the point of control with volume, a move toward high time frame resistance is likely. A breakout will require strong volume confirmation to be sustained.</p><p>Read more: <a href="https://crypto.news/wall-street-analyst-predicts-xyzverse-to-surpass-ondo-pi-with-15000-rally-odds/" rel="noopener noreferrer nofollow"> Wall Street analyst predicts XYZVerse to surpass ONDO, PI with 15,000% rally odds </a></p>

Gala finds support at key bullish order block, bulls eye breakout towards higher prices

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