GALA/USDT Technical Analysis: Bullish Momentum Testing Critical Resistance at $0.045

$GALA

Overall Trend:

GALA/USDT continues to exhibit bullish momentum, maintaining its position above the 200-period moving average on the 4-hour chart. While the uptrend remains intact, the pair is encountering a pivotal resistance level, which could determine the next directional move—either further gains or a period of consolidation.

Support and Resistance Levels:

Resistance: $0.045 - $0.050 (major resistance zone, close to a psychological level).

Support: $0.035 - $0.037 (recent swing low and 200-period MA).

Technical Indicators:

RSI (14): At 60.23, the RSI shows moderately bullish momentum, still below overbought levels, signaling room for additional upward movement.

MACD (12,26): The MACD line is well above the signal line, with expanding histogram bars, reinforcing the continuation of bullish momentum.

Volume: Volume remains elevated compared to prior ranges, suggesting sustained buyer interest, though tapering slightly near resistance.

Cluster and Zone Analysis:

Support Zone: The $0.035 - $0.037 zone serves as a robust support region, aligning with the 200-period moving average and a recent consolidation area.

Resistance Zone: The $0.045 - $0.050 zone is the next critical hurdle, representing a confluence of a psychological level and a historical supply area.

Conclusion:

GALA/USDT remains bullish, with immediate resistance at $0.045 - $0.050. A breakout above this range could open the path toward $0.055 or higher. Alternatively, a rejection could lead to a pullback toward the $0.035 support level for consolidation. Traders should keep an eye on volume and key technical levels to confirm the next move.