MyCryptoParadise

GALA/USDT is the possible the price bouncing and back to upward!

BINANCE:GALAUSDT   GALA / TetherUS
πŸ’Ž The recent market dynamics surrounding #GALA have indeed been quite notable. Currently, the price is bouncing from the demand area, which is a positive indication.

πŸ’Ž This bounce suggests potential upward momentum, with the price likely to test the resistance area next. If there is a successful breakout above the resistance, it could pave the way for further upward movement, potentially leading to a backtest of the strong resistance area.

πŸ’Ž However, if GALA fails to bounce from the demand area and instead breaks down below it, this could signal a bearish scenario. Such a move could lead to continued downward momentum, with the next significant support level likely found at the support area.

πŸ’Ž GALA must maintain support and reclaim the area above the demand to validate the bullish scenario. Failure to do so, especially if the support area is also breached, could confirm a bearish trend, potentially leading to further downward movement.

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