Date: Fri, June 20, 2025 | 06:16 AM GMT
The cryptocurrency market continues to be under pressure due to escalating geopolitical tensions between Israel and Iran. Ethereum (ETH), one of the top asset, has dropped sharply from its monthly high of $2,877 and is now trading near $2,500. Unsurprisingly, altcoins have followed suit — and Gala (GALA) is one of the notable names facing a pullback.
GALA has declined 3% over the past week and is down nearly 28% for the month. However, a deeper dive into the charts reveals a potentially bullish development — one that closely mirrors a historical fractal from late 2024.
Fractal Suggests Bullish Reversal Ahead
A look at GALA’s daily chart uncovers a fascinating similarity to its past price structure. In late 2024, GALA formed a textbook falling wedge pattern after a long downtrend. Following a breakout, the price entered a brief 30% consolidation phase — and then surged over 284%.
Fast-forward to today, and GALA appears to be following the exact same roadmap.
The current chart shows another falling wedge formation that has already broken out. Following the breakout, GALA has pulled back 39% — eerily similar to the correction seen before its previous rally. Price is now hovering around the blue-marked horizontal support zone, suggesting a critical point of decision.
What’s Next for GALA?
If the fractal repeats, GALA may be on the verge of a significant upside move. A strong bounce back above the current support zone — particularly one confirmed with volume — could send GALA rallying toward the $0.050 area, aligning with the dotted descending trendline.
But traders should remain cautious.
While the chart setup is compelling, broader market conditions remain fragile due to macro uncertainty. If GALA fails to reclaim key resistance levels or gets rejected again at the blue zone, another leg down cannot be ruled out.
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