Gala

Date:&nbsp;Tue, March 25, 2025 | 09:40 AM GMTThe cryptocurrency market is showing strong signs of a rebound as Bitcoin (BTC) and Ethereum (ETH) both jumped by 4% and 8% over the last seven days, providing much-needed relief to <a href="https://coinsprobe.com/cronos-cro-surges-after-truth-social-partnership-historical-pattern-hints-at-a-massive-rally/" rel="noopener noreferrer nofollow">altcoins</a>. Among them, Sei (SEI) and Gala (GALA) are beginning to show early signs of recovery after experiencing a heavy correction over the past 90 days.With improving sentiment, both tokens have recorded noticeable weekly gains, and ongoing price action suggests that a potential recovery may be underway.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/5b64540d302e4df98f62c982daeabcb1.png">Source: Coinmarketcap<h3 id="sei-sei">Sei (SEI)</h3>SEI appears to be forming a double-bottom pattern, a classic bullish reversal signal, after failing to break above the $0.73 resistance in early December 2024. Following this rejection, the price witnessed a sharp decline, reaching its second bottom at $0.18, where it has managed to stabilize.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/bc8692e136a7410ca0a40e8678b6f889.png">SEI Weekly Chart/Coinsprobe (Source: Tradingview)At the time of writing, SEI is trading at $0.2074, showing signs of stabilization at this key level. The MACD indicator is beginning to hint at a shift in momentum, as selling pressure appears to be weakening.If SEI successfully holds support and buyers step in, the next logical target would be a move toward the 50-day moving average (MA) resistance, with a potential rally toward the $0.73 neckline. A breakout above this level could confirm a full reversal, opening the doors for a potential return to the $1+ range in the coming months.<h3 id="gala-gala">Gala (GALA)</h3>Much like SEI, GALA has also formed a double-bottom pattern after experiencing a sharp downtrend. The decline started when it failed to break the $0.066 neckline resistance in early December 2024. Since then, GALA has seen a major correction, plunging 80% from its highs, revisiting the $0.01380 support level, marking the second bottom of the pattern.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/3c3eb0803a414e2d9df0f7d89e34f6ce.png">GALA Weekly Chart/Coinsprobe (Source: Tradingview)With this structure forming, GALA has managed to hold its support and is now trading at $0.01830, indicating a potential shift in trend. The MACD (Moving Average Convergence Divergence) indicator is also hinting at a possible bullish crossover, suggesting that momentum could be shifting in favor of the bulls.If GALA successfully maintains support and buyers step in, the next logical target would be a move toward the 25-day MA, which will confirm a recovery. A break above the $0.066 neckline would solidify the reversal, setting the stage for a potential rally towards the $0.086+ range in the coming months.<h3 id="will-this-pattern-spark-a-reversal">Will This Pattern Spark a Reversal?</h3>Both SEI and GALA have managed to hold key support levels, and their double-bottom formations suggest that as long as these levels hold, there is a strong chance for a price bounce. However, bullish confirmation will only come if these tokens break above their key moving averages (MAs)—signaling a clear shift in market sentiment.Another major factor influencing their recovery will be Ethereum’s price action. If ETH starts a strong uptrend, it could trigger a broader altcoin rally, reinforcing bullish momentum in SEI and GALA.Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.Also Read: <a href="https://coinsprobe.com/etc-eyes-recovery-with-key-breakout-is-ens-setting-up-for-a-similar-move/" rel="noopener noreferrer nofollow">ETC Eyes Recovery with Key Breakout – Is ENS Setting Up for a Similar Move?</a>

SEI and GALA Hold Key Support After Major Decline – Will This Pattern Spark a Recovery?

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