The post GALA Technical Analysis Jan 24 appeared on BitcoinEthereumNews.com. GALA is currently consolidating at the $0.01 level, but under pressure below strongThe post GALA Technical Analysis Jan 24 appeared on BitcoinEthereumNews.com. GALA is currently consolidating at the $0.01 level, but under pressure below strong

GALA Technical Analysis Jan 24

GALA is currently consolidating at the $0.01 level, but under pressure below strong resistances. Primary supports near $0.0057 are close to being tested, with high risk of downward breakout.

Current Price Position and Critical Levels

GALA is trading in a narrow range at the $0.01 level ($0.01 – $0.01) with a 24-hour change of -1.71%, downward. The overall trend is bearish; the price is positioned below EMA20 ($0.01) and the Supertrend indicator is giving a bearish signal, with strong resistance at $0.01. RSI at 41.96 is in the neutral zone but momentum is weak. 13 strong levels detected across multiple timeframes (1D/3D/1W): 2 supports/3 resistances on 1D, 2S/1R on 3D, 2S/3R on 1W. The price appears to have returned to the downtrend channel after recent rises that seem like liquidity grabs. This position suggests big players are expected to test $0.0064-$0.0070 resistances for stop hunts, and a downward break could point to $0.0057 support.

Support Levels: Buyer Zones

Primary Support

$0.0057 (Strength Score: 68/100) – This level stands out as GALA’s most critical buyer zone. Why? It forms a strong demand zone on 1D and 1W timeframes; tested three times in the past and rejected each time with volume spikes. It has functioned as an order block since the October 2025 lows, where institutional buying has concentrated. MTF confluence: Overlaps with 3D EMA50, targeting liquidity pool of $0.0055 stop losses below. If price reaches here, we can expect a 40% reaction rally, but volume confirmation is essential.

Secondary Support and Stop Levels

$0.0062 (Strength Score: 65/100) – Secondary support, a buffer zone just above $0.0057. Aligns with the latest swing low on 1D timeframe and Fibonacci 0.618 retracement. Historically shows a high node in volume profile during the December 2025 rally, where buyers stepped in. Invalidated if closes below $0.0057, opening downside target to $0.0027 (R/R 1:3). Stop level at $0.0055, ideal for liquidity sweep.

Resistance Levels: Seller Zones

Near-Term Resistances

$0.0064 (Strength Score: 77/100) – Closest and most dangerous resistance. Short-term supply zone; rejected when price pulled back from $0.01 to here. Breaker block on 1D, confluence with EMA20 on 3D. High volume sales occurred here, shorts accumulating. Even if upward break is forced, fakeout risk is high – could test above $0.0065 for liquidity grab.

$0.0070 (Strength Score: 72/100) – Mid-term seller zone. 1W pivot and psychological resistance; untested since the January 2026 peak. Negative volume delta created imbalance. MTF: Overlaps with 1D Supertrend resistance. If broken, momentum shifts, but difficult under BTC pressure.

Main Resistance and Targets

$0.0095 (Strength Score: 67/100) – Main target resistance, upside potential. 3D and 1W supply order block; top of November 2025 rally. 80% rejection rate in historical tests. Confluence: Fibonacci 1.0 extension and EMA200. Break invalidation above $0.0105, target $0.0120 (R/R 1:2.5).

Liquidity Map and Big Players

Big players (smart money) are accumulating short positions between $0.0064-$0.0070; this is a liquidity pool with equal highs/lows. Long stops at $0.0057 below, short stops at $0.0095 above are targeted. Price action: Recent candles show pinbar rejections, bearish order flow dominant. Volume profile POC (point of control) at $0.0062, imbalance downward. Expectation: Sweep up on lower timeframes, then dump to $0.0057. Detailed data available in GALA Spot Analysis and GALA Futures Analysis.

Bitcoin Correlation

BTC at $89,499 in downtrend, Supertrend bearish and rising dominance pressuring altcoins. GALA 0.85% correlated with BTC; if BTC breaks $88,400 support, GALA accelerates to $0.0057. Conversely, if BTC breaks $89,620 resistance, $0.0070 test possible for GALA. Main BTC levels: Supports $88,400/$86,640, resistances $89,620/$91,191. Altcoin caution: BTC dump could drag GALA to $0.0027.

Trading Plan and Level-Based Strategy

Bearish outlook: Short below $0.0064, targets $0.0057 (TP1)/$0.0027 (TP2), stop $0.0068 (R/R 1:3). Bullish scenario: Long above $0.0070, target $0.0095, stop $0.0062. Overall: $0.0057 invalidation confirms downside, $0.0095 break initiates rally. Manage risk based on these levels; wait for volume and MTF confirmation. Market is volatile, always check spot or futures analyses.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/gala-support-resistance-levels-january-24-2026-critical-points

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