Technical analysis by alizeynali69 about Symbol GALA: Buy recommendation (1/30/2025)

Comprehensive Analysis of GALA🔹 Project Introduction:GALA is a blockchain-based ecosystem focused on developing decentralized gaming (GameFi) and NFTs. The project aims to give players full control over their in-game assets while introducing a new economic model for the gaming industry.📊 Technical Analysis of GALA/USDT🔍 Overall Market Condition:GALA is currently trading within a mid-term ascending channel and is sitting at a key support zone that will determine the next major price direction.🟢 Bullish Scenario:Key Support Zone: $0.02435 – $0.02684 (Blue Box)If this support holds, the price could move toward the midline of the ascending channel.The next major resistance lies within the red zone: $0.05949 – $0.06914This resistance acts as a crucial ceiling for the price.🚀 Potential Targets After Breaking the Red Resistance:✅ TP1: Channel Top✅ TP2: Breakout Above the Channel → Higher Price Levels🔴 Bearish Scenario:If the blue support zone fails to hold:The price could drop to the bottom of the ascending channel + weekly support🏁 (Gray Box)Losing this level may trigger a new bearish trend.📈 Trend Confirmation Factors:✔ Increasing volume on breakouts → Confirms bullish momentum✔ Declining volume on pullbacks → Indicates weak selling pressure✔ RSI near 50: A move towards 70 (Overbought Zone) signals bullish strength📌 Summary & Suggested Strategy:🔹 Holding the blue support → Targeting the red resistance🔹 Breaking the red resistance → Potential move towards TP1🔹 Breakout above the channel → Strong bullish rally🔹 Heavy rejection → Key support at the bottom of the channel (Gray Box)⚠️Risk Management:Monitor trading volume & RSI behavior to confirm breakouts or reversals.