bullish

Movement

Resistance

would

<ul class="wp-block-list cnl-post-highlights-list">
 <li>GALA has recently turned bullish after bouncing off support at $0.0120.</li>  
 <li>A breakout above $0.0300 would confirm a major move upwards.</li>  
 <li>The current accumulation phase for GALA signals a setup for a rally.</li> 
</ul>  
<p>Recently rebounding from a critical support zone, GALA has gained the attention of traders and investors lately. This important level has been a solid support zone for the crypto coin, and GALA has now moved into what seems to be a multi-month accumulation phase. With resistance at about $0.0300 and support around $0.0120, GALA is gearing up for a potential breakout that could have high implications for its future price movement.&nbsp;&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  https://twitter.com/CryptoAnup/status/1904776587536728188
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<p>The chart shows repeated testing of the support area between late 2022 and early 2023. In each instance, the token bounced off this level, establishing it as a clear floor. Another bounce was seen at around $0.0120 in very early March 2023, sending buying pressure skyward. Traders will be waiting on this recovery being confirmed as a setup for strong upward momentum.</p>  
<h2 class="wp-block-heading" id="strong-key-support-and-resistance-levels-at-play-strong"><strong>Key Support and Resistance Levels at Play</strong></h2>  
<p>For GALA, the support zone is clearly defined between $0.0120 and $0.0150, with several tests of this level over the past months. The price has repeatedly accumulated buyers in this range, suggesting that this support could hold in the near future. Conversely, we have strong resistance around the $0.0300 level which previously halted price movement up through it. This level has been like a ceiling to <a href="https://cryptonewsland.com/from-defi-scaling-to-gamefi-staking-qubetics-arbitrum-and-gala-lead-the-top-cryptos-to-buy-this-month/" target="_blank" rel="noopener noreferrer nofollow">GALA </a>on different occasions, and a breakout here could just trigger a severe rally upwards into high price targets.&nbsp;</p>  
<p>Currently, GALA is just above its support at around $0.0180, and bullish predictions abound regarding the next move. It is looking quite possible now that GALA will rise toward the $0.0300 resistance. A breakout here would open the doors for further gains as the price action shows GALA may be ready to take out the long-held resistance.</p>  
<h2 class="wp-block-heading" id="strong-gala-accumulation-phase-and-market-sentiment-strong"><strong>GALA Accumulation Phase and Market Sentiment</strong></h2>  
<p>Currently, the price action of GALA indicates an accumulation phase being set up, reminiscent of previous breakout phases we have seen in other altcoins like <a href="https://cryptonewsland.com/chainlink-link-nears-breakout-as-fibonacci-targets-reach-144-68/" target="_blank" rel="noopener noreferrer nofollow">LINK</a>. An accumulation phase is generally characterized by the gradual accumulation of buying pressure, meaning investors are buying the coin at lower prices in anticipation of some rally ahead.</p>  
<p>&nbsp;The market sentiment is therefore becoming more and more bullish toward GALA as technical indicators start to converge. The Relative Strength Index (RSI) remains prone to bullish readings and the Average Directional Movement Index (ADX) is beginning to show increasing momentum.</p>  
<p>The performance of GALA during this support range is also corroborated by the bullish strength suggested by the Simple Moving Averages (SMA) and Exponential Moving Averages (EMA).</p>

Here’s Why GALA Could Break Through $0.0300 Resistance in 2025

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