After rejecting from the upper half of the recent recovery range, price has rotated back toward the lower support region around 0.0026, which is currently acting as the last major defense for bulls. This area becomes critical because losing it would likely open the door for another leg lower within the broader bearish structure.

For now, the market is attempting to stabilize at support, but the overall trend remains weak until GALA can reclaim the descending trendline and break back above the 0.618 Fibonacci resistance zone.

What I'm Watching
🟢 Support: 0.00259 → 0.00234
🔴 Resistance: 0.00319 → 0.00355 → 0.00453
📉 Trend: Bearish while below channel resistance
⚠️ A daily close above the descending trendline would be the first sign that a larger trend reversal may be developing.

What stands out here is the developing double bottom formation around the 0.25 region, followed by a strong recovery and continued respect of the rising trendline. This suggests accumulation rather than distribution.

Price is now trapped inside a tightening triangle between 0.33 support and 0.49 resistance. The longer this compression continues, the more significant the eventual breakout is likely to be.

A decisive break above the descending resistance would confirm a major trend reversal and could trigger a powerful expansion toward higher time-frame targets.

Key Levels
🟢 Support: 0.3294 → 0.3103 → 0.2528
🔴 Resistance: 0.4911
📈 Bias: Bullish while holding above ascending support
⚠️ Triangle compression nearing completion. A breakout above 0.49 could mark the start of a larger upside trend.