GALA has been seeing a lot of bearish price action over the last couple of days. In this process, GALA has given away almost all of the profits it made since the fear bottom in late January.

The fear-bottom support is less than 10% away from the current price. This area will either make or break GALA for the coming weeks/months.

In case the support holds, we can expect a bullish move towards $0.25 – $0.30. Obviously, BTC has to show strength for this to happen.

Bearish scenario would be a big red candle right through the support. We might fall all the way to $0.10 in that case.

For now, I’d advise to wait patiently and see what the price will do this week.

Happy trading!