Gala's Descending Triangle Pattern Keeps Traders Eyeing $0.0155 Support Level
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 02 2025
Current Market Structure: Gala is trading within a descending triangle pattern, with key support at $0.0155–$0.0160 and resistance near $0.0166. Despite a recent false breakdown, buyers are actively defending support, but the overall trend remains bearish.
Market Dynamics and Volatility: A contract migration notice is expected to introduce short-term volatility, necessitating close monitoring of liquidity and technical levels. The market capitalization stands at $729 million, with significant trading activity indicating high participation.
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Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
