$GALA has taken the crypto spotlight with a massive surge, forming a textbook Double Bottom Pattern on the daily chart. This bullish structure has broken out and is now retesting, signaling a significant accumulation opportunity for traders. Here’s why this could be the perfect time to jump in and ride the trend toward major Fibonacci targets.
Bullish Pattern Breakout on $GALA
GALA has completed a Double Bottom Pattern, a classic bullish reversal structure, and is retesting the breakout zone. This is an ideal accumulation phase as we set sights on the Golden Fibonacci Ratio at $0.052, our first key target.
Once $GALA breaks the golden ratio, it will aim to surpass its previous highs and hit the Trend-Based Fibonacci’s Golden Ratio, marking the next major upside.
Key Technical Insights
Chart Pattern: Double Bottom Breakout
First Target: Golden Fibonacci Ratio at $0.052
Trend-Based Target: Beyond the previous high, aligned with Fibonacci extensions.
The bullish structure provides a solid foundation for the anticipated rally, as GALA aligns with favorable market conditions in the altcoin sector.
BTC.D Analysis: Altcoin Rally Incoming
The BTC Dominance (BTC.D) chart reveals a 5-wave price structure nearing its Golden Pocket resistance level. A rejection at this level could trigger a dominance drop, allowing altcoins like GALA to thrive as Bitcoin consolidates.
As BTC calms down, funds are likely to rotate into altcoins, setting the stage for a sustained GALA rally.
TOTAL3 Chart: Altcoin Market Cap Ready to Explode
The TOTAL3 Chart (excluding BTC and ETH) on the daily timeframe has confirmed a Bullish MA Cross, further signaling a surge in altcoin prices. This indicator underscores the broader bullish sentiment for altcoins, with GALA positioned to capitalize on the momentum.
USDT.D Chart: Bearish Signal Confirms Altcoin Strength
The USDT Dominance (USDT.D) chart has completed a Bearish MA Cross on the daily timeframe. This cross signifies reduced market demand for stablecoins, indicating a shift of capital back into risk-on assets like GALA.
Trade Details: How to Capitalize on GALA’s Momentum
Entry Zone: Around $0.0505
Take Profit (TP): First target at $0.0594 (Golden Ratio)
Stop Loss (SL): Keep accumulating, as GALA’s breakout is just beginning.
With GALA’s technical and fundamental setups aligning, this is an ideal opportunity for long-term gains.
Why This Matters
The Double Bottom Pattern breakout provides a strong bullish setup for GALA.
Favorable signals from BTC.D, TOTAL3, and USDT.D charts amplify confidence in an altcoin-led market rally.
GALA is at a prime position for accumulation, offering potential upside of 83% or more.
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