- GALA trades within the $0.05 resistance mark.
- APT overcame a descending resistance level.
- LDO overpowered the resistance mark of $1.73.
- GALA Leads Upward Crypto Market Party.
Since early May, GALA has seen its value reduce below a descending resistance level. The downside moves saw the alt hitting $0.015 lows on 30 December. Gala has recorded upside movements since. Meanwhile, the token hit the $0.05 high on 9 January but met rejection at a descending resistance and the $0.05 obstacle. The alternative coin has endured slumps since.
Whether GALA overcomes this resistance will decide if the upcoming trend will be bearish or bullish. Breakouts from the resistance level and the mentioned area could propel the token toward the $0.070 high. Meanwhile, failure to do that may welcome retests of the support barrier at $0.027.
APT Price Soars Beyond Resistance
APT witnessed its price overcoming a descending resistance zone on 8 January. The alt accelerated the price increase pace afterward, triggering breakouts beyond the resistance area of $5.20. On 12 January, APT authorized the level as a support.
Maintaining the upside stance would catalyze continued upsides toward the resistance mark of $8. Meanwhile, a session closing under $5.20 may welcome sharp declines and retests of the $3.50 mark.
LDO Trades Within Critical Range
On 9 November, LDO’s price approved a descending resistance that it previously broke. At that time, the alt also authorized $0.92 as support. 22 December session had the price rebounding at this mark again, forming a double bottom setup in that process.
LDO has maintained upward trends since, breaking out beyond the resistance of $1.73 on 8 January. It validated the level as a support region in the following four days. While publishing this content, LDO has its price moves within a range of the $1.73 mark and the 61.8% Fibonacci retracement resistance of $2.26.
The trend’s direction will likely depend on which levels LDO breaks first. Breakouts would support upsides toward the $3.10 mark, whereas breakdowns would see the token falling toward $0.90.
ZIL Hits Vital Resistance
ZIL has maintained upside price actions since 30 December. Finally, on 9 January, the alt hit the $0.027 high. Nonetheless, the price could not break past the descending resistance that’s been in place since the May session. Instead, ZIL encountered rejection and former a long wick. As a result, the alt tries another attempt to overcome the line.
Successful actions beyond this mark would welcome the critical $0.032 resistance. That zone previously served as longer-term support before finally materializing into resistance. Thus, ZIL should break beyond the mark to confirm a bullish trend.
Alternatively, rejections from the level might attract dips toward the 61.8% Fibonacci retracement support mark at $0.020.
OP Gains 65% Within 15 Days
The OP price soared along an ascending support level since 20 October. The asset’s price rebounded at the barrier on 29 December, kick-starting the ongoing upside movement. OP price has since surged 65%. While writing this analysis, the altcoin is trying upward actions beyond the horizontal resistance mark at $1.44.
Success would open the path toward the following resistance mark at $2. Meanwhile, rejections at the $1.44 obstacle would trigger dips, targeting the ascending support level at $1. Time will confirm the asset’s upcoming direction.
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