GAL/USDT Break Alert, Bullish Momentum ?? Galxe Analysis TodayYello Paradisers, Potential Exploding!
💎 GAL has successfully broken out of its descending channel pattern, backed by substantial trading volume. After hitting a supply zone and facing rejection, GAL is now in a retesting phase along its support trendline.
💎 Notably, this area also aligns with the Golden Ratio of the Fibonacci sequence at 0.618, making it a robust support zone ripe for accumulation. The current candle pattern suggests a bullish hammer rejection, but we'll need a daily close to confirm its validity.
💎 If the daily candle maintains this hammer shape, it's likely that the following candle will be green, signaling a continuation of upward momentum.
💎 The bullish narrative would be negated if GAL's daily candle closes below the Bullish Order Block (OB) area.
