GALUSDT has been in a strong downtrend, and a significant rejection on an important trendline has further reinforced this bearish momentum. The market has struggled to regain strength, indicating a continuation of the downward move.
The recent breakdown of an important support zone has raised concerns. This development has increased the downside risk, potentially pushing the price towards testing the previous All-Time Low (ATL).
If the price fails to hold above the previous ATL, we might witness a massive drop, possibly leading us towards our projected target. It is crucial to keep a close eye on the ongoing market developments.
The recent breakdown of an important support zone has raised concerns. This development has increased the downside risk, potentially pushing the price towards testing the previous All-Time Low (ATL).
If the price fails to hold above the previous ATL, we might witness a massive drop, possibly leading us towards our projected target. It is crucial to keep a close eye on the ongoing market developments.
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Considering our previous view on ATL with price of 1.0, Gal failed to close below this price only have a sudden drop which only made a wick below the level. As a result of this we have Gal price closing above the important trendline and leaving a strong bullish impression.
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