Gala Holds Strong at Bullish Order Block—Next Stop: Price Explosion?

Gala's bulls dig in at critical support—signaling a potential breakout rally.

Key bullish order block holds firm as traders eye higher targets. The crypto's resilience at this level screams accumulation, not capitulation.

Breakout watch: If Gala punches through resistance, the path clears for a speculative frenzy. Just don't expect Wall Street to notice until after the 100% pump.

Key technical points

• Support Confluence: Bullish order block, value area low, and 0.618 Fibonacci.
• Current Resistance: Point of control, which must be reclaimed for continuation.
• Pattern Setup: High time frame double bottom structure forming at support.

Gala’s price action has followed a technically clean retracement after its prior impulse wave, finding support within a bullish order block that overlaps with both the value area low and 0.618 Fibonacci retracement. This zone offers a high-probability reversal location, especially if price maintains structure and avoids candle closes below the broader value area low.

This region is forming what appears to be a wide-range bottoming structure, where multiple candle closes around the same level suggest ongoing accumulation. If this structure holds, it could serve as the foundation for a larger reversal targeting the swing high and eventually higher resistance levels.

To confirm the bounce as legitimate, bullish volume influxes are essential. The volume profile will play a key role in validating the move. As price rises from this support, it will inevitably test the point of control, the range’s most traded level and a critical zone of resistance. A successful reclaim of the point of control on a closing basis will open the door to higher prices and significantly increase bullish momentum.

This bounce also reinforces a potential double bottom formation on the high time frame. Holding this structure provides Gala with the opportunity to break out of its current range without revisiting lower supports. This setup WOULD confirm strength at the current level and establish a firm base from which to launch further.

However, a true breakout from the trading range, defined between high time frame support and resistance will require above-average volume to validate the move. Without this, price risks slipping back into the range and delaying the bullish continuation.

What to expect in the coming price action

Technically, Gala is well positioned, the market is showing signs of accumulation, confluence is present, and volume now becomes the deciding factor in whether this rally materializes. If the bullish order block holds and Gala reclaims the point of control with volume, a move toward high time frame resistance is likely. A breakout will require strong volume confirmation to be sustained.