Crypto Analysis: GALA and CSPR are Fast Approaching Key Resistance. Will They Flip?

Gala resumed its uptrend after three days of consistent downtrends. Nonetheless, during this period, the asset held on to a key support. It maintained the $0.44 barrier as cumulative losses exceeded 7%. The coin is seeing a massive change in trajectory.

During the current intraday session, it is forming one of its longest candles. A look at the 1-hour chart shows how the rally took place. One of the key highlights during the period under consideration was at 4 am (UTC) when the altcoin moed by more than 4%.

After that, it saw small increases that before another massive four hours later. This time, it surged by more than 7%. Currently up by 16%, it is edging closer to retesting key resistance.

GALA may Retest $0.60

As a result of the most recent surge, the asset under consideration is edging at retesting the $0.55 resistance. The last time it attempted this mark was three days ago. One notable feature of this mark is its strength.

Before a trial on Saturday, no attempt at reclaiming it happened since September 2022. The latest trial led to a three-day downtrend. However, there are indications it will flip soon. GALA already tested a few hours ago.

Aside from this, the main barrier of focus is $0.60. Based on previous attempts, it is clear that it will break. Nonetheless, most uptrend above it proved unsustainable as the asset came crashing below it afterwards. Let’s see how the bears react to the latest move.

CSPR also showed a lot of bullish sentiment over the last 13 hours. it surged by more than 7%. At this time, it is also testing a key resistance. It is looking to surge above $0.036 after more than thirty day below it. Nonetheless, we noticed that the mark is strong.

The last attempt to climb above resulted in CSPR dipping to a low of $0.026. We may expect the most recent trial to yield result as the altcoin spent most of the previous week building momentum. A successful flip of the highlighted mark will open the $0.04 resistance for a retest.

A look at the chart above tells why its the focus of so many traders. Let’s see how prices play out.