Responding to the overspread correction phase in the crypto market, the ហ្គាឡា price gave a bearish breakdown from the $0.21 support. The coin price retested its flipped resistance over the weekend and provided a weekly candle close below it. Furthermore, the sellers continued to lower the price and dumped it to $0.18 support.
ចំណុចសំខាន់:
- The potential reversal may push the GALA price back above $0.21
- The daily candle closing below the $0.158 low would invalidate the bullish thesis
- The intraday trading volume in the GALA is $352 Million indicating a 104% gain
ប្រភព - ជួញដូរ
កាលពីខែមុន GALA/USDT pair witnessed a range-bound rally between the $0.27 and $0.21 levels. On April 4th, the altcoin turned down from the overhead ceiling($0.27) and initiated a new bear cycle.
The V-top reversal undermined the March recovery rally and plunged the altcoin back to $0.21. Furthermore, the sellers continued to pressure the price and gave a decisive breakdown from the bottom support($0.21).
The post retest rally drove the price by 14%, bringing it to January’s bottom support of $0.18. A descending trendline carries this correction rally and keeps the buyer activity in control. The coin price currently trades at $0.189, with an intraday loss of 1%.
A possible reversal from the bottom support would breach the overhead resistance trendline and trigger another recovery rally. The following $0.21 breakout would offer additional confirmation for buyers.
Alternatively, a breakdown from the $0.158 support could plunge the GALA price by another 20%.
សូចនករបច្ចេកទេស
DMAs៖ The descending DMAs(20, 50, and 100) reflect a solid bear trend in GALA. Moreover, a bearish crossover of the 20 and 50 DMA brings additional selling in the market.
សូចនាករ Vortex: A gradual spread between the VI+ and VI- slopes indicates a rising bearish momentum.
- កម្រិត Resistance - $0.21 និង $27
- កម្រិតគាំទ្រ - 0.18 ដុល្លារ និង 0.158 ដុល្លារ
ការមិនទទួលខុសត្រូវ
ខ្លឹមសារដែលបានបង្ហាញអាចរាប់បញ្ចូលទាំងគំនិតផ្ទាល់ខ្លួនរបស់អ្នកនិពន្ធនិងស្ថិតក្នុងស្ថានភាពទីផ្សារ។ ធ្វើការស្រាវជ្រាវទីផ្សាររបស់អ្នកមុនពេលវិនិយោគលើគ្រីបគ្រីប។ អ្នកនិពន្ធឬការបោះពុម្ពផ្សាយមិនទទួលខុសត្រូវចំពោះការបាត់បង់ហិរញ្ញវត្ថុផ្ទាល់ខ្លួនរបស់អ្នកទេ។
អំពីអ្នកនិពន្ធ
Source: https://coingape.com/markets/gala-price-revisits-0-18-bottom-support-time-to-buy/