GALA Forms Descending Triangle Pattern – Here Are Key Levels To watch
**GALA Forms Descending Triangle Pattern – Here Are Key Levels To Watch**
GALA/USDT has been trading within a descending triangle pattern since hitting an all-time high of $0.824 on November 26, 2021. The descending triangle is a bearish pattern that indicates a possible reversal of the uptrend. The pattern is formed by two converging trendlines, one connecting a series of lower highs and the other connecting a series of higher lows.
If the price breaks below the lower trendline of the triangle, it could signal a further decline in the price of GALA. Key support levels to watch are $0.236, $0.190, and $0.150.
If the price can break above the upper trendline of the triangle, it could indicate a resumption of the uptrend. Key resistance levels to watch are $0.321, $0.382, and $0.450.
