GALA/USDT prompt rebound on the cards

Trying to predict the markets based on technicals.

Upwards momentum for Gala stalled at $0.29, creating a double top. I see a swift recovery in the price occuring following by a upwards move higher to test the $0.37 resistance. RSI is healthy on the 12 hr chart however significantly oversold on the 4hr and 2hr.

Bias for a long on the 12 hr remains until we see a break in the price below $0.24.

Oversold conditions may push the price slightly lower to meet recent support at $0.2432. Be prepared to average down in your position and risk manage properly.


The crypto market is in a frenzy wherw each day we have seen coins go up by 20-100%. The trend continues as long as we see volume the same or pick up and that optmism in the market remains.

This is not financial advice, just an idea.