GALA Slides Lower Amid Weakness, Eyes Technical Rebound Toward $0.034

• GALA extends losses as short-term demand continues to fade.
• Weekly decline deepens despite buyers defending key support levels.
• Falling wedge suggests slowing downside, not trend reversal.
• RSI and MACD maintain a clearly bearish bias.

GALA remains in a declining price trend, signaling persistent weakness across shorter timeframes. During the last 24 hours, the token fell by almost 2.38%, indicating easing demand. Over the week, the outlook remains pressured, with losses approaching 12.14%.

Currently, GALA is priced at $0.006274, although it is boosted by a moderate trading volume. The daily trading volume is approximately $35.28 million, down 1.02%. The current market capitalization is close to $294.07 million, down 2.1% due to a cautious market scenario.

Source: CoinMarketCap

Also Read: GALA Surges 13% Weekly, Setting Sights on $0.02200 Resistance

A falling wedge breakout could target higher

On the 2-day chart, GALA is still enclosed in a long-term falling wedge. It was first formed after December’s peak. It shows that bearish sentiment is losing steam, rather than a sudden surge of selling pressure in the market. With the price squeezed toward the apex of the wedge, a breakout becomes increasingly likely. The long-term downtrend remains intact.

The price is currently being supported at a critical level around $0.0060 – $0.0065, consistent with the lower boundary of the wedge pattern and the areas of historical support. The shrinking price wicks around the support level implies that the sellers have exhausted themselves. A technical support at the current level will allow a price rebound to $0.0095 and $0.0120.

Source: @JohncyCrypto

The confirmed breakout above the falling wedge could unlock the targets of $0.0170, $0.0240, and $0.0340. The critical resistance and selling zone is identified near $0.0440, which is a region of heavy supply. A breach of the level of $0.0060 will make the breakout invalid.

Momentum indicators reinforce caution

The RSI value in the weekly chart of GALA is still weak and currently sits at roughly 30.4, close to the oversold region. This indicates declining momentum in buying pressures. The falling trend in the RSI indicator for some weeks now indicates a lack of purchasing interest in the market.

Source: TradingView

The MACD indicator also reinforces the bearish formation in the weekly chart. The MACD line and the signal line continue to be in the lower region below the zero line, while the histogram bars also appear in the negative territory. This indicates a lack of solid support even for the temporary rallies.

Also Read: Gala price breakout targets $0.040 as RSI and MACD strengthen