#数字资产市场动态 $GALA The recent sharp decline has an interesting logic behind it—high open interest. This is not the main force dumping, but a typical sign of futures long positions being wiped out.

The data makes it clear: the daily decline reaches 13%, but trading activity is unusually high. The price repeatedly oscillates between 0.0065 and 0.0067, with market participants continuously absorbing selling pressure. More importantly, there is a bullish RSI divergence on the 1-hour K-line, indicating that selling pressure is weakening.

From a psychological perspective, the market has gradually shifted from panic to a wait-and-see stance. As long as the price holds above the previous low support (around 0.00635), the short covering momentum will be enough to drive a rebound. The technical support levels are clear, and the price has indeed hit a critical zone.

If you're interested in this direction, it’s reasonable to look for entry opportunities between 0.00655 and 0.00670. The first target is 0.00720, with a further target of 0.00780. A strict stop-loss should be set at 0.00635.

Crypto market volatility is often like this— the more panicked, the more you need to see through the real logic behind the data.