Current price: 0.0400

Key point: 0.03396

Our preferred direction: buying positions above 0.03396 levels, targeting 0.05080 as a first target, then 0.0625 as a second target.

Alternative scenario: stop loss and change direction by breaking 0.03396, targeting 0.03000 levels.

Technical comment

GALA coin breached the bearish channel on the daily time frame, from last January's top, and the top of the uptrend from January's low as well, to target 0.05080, then 0.06250.