Liquidity Crisis Hits TON Following Telegram Founder Arrest
Impact of Pavel Durov's Arrest: The arrest of Telegram founder Pavel Durov on serious charges has led to a significant decline in the value of The Open Network (TON) cryptocurrency, with Toncoin dropping 5.79% in 24 hours and 21.59% over the past week, raising concerns among investors about TON's future.
Liquidity Crisis: Following Durov's arrest, a liquidity provider sold all TON liquidity, exacerbating the cryptocurrency's decline and contributing to its status as the tenth largest crypto, amidst ongoing selling pressure.
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Technical Analysis for GALA
Technical Sentiment Analysis for Gala (GALA) As of , Gala (GALA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for GALA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, GALA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gala (GALA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00196 | 0.00268 | 0.00352 | 0.00424 | 0.00508 | 0.0058 | 0.00664 |
| Fibonacci | 0.00268 | 0.00328 | 0.00365 | 0.00424 | 0.00484 | 0.00521 | 0.0058 |
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