Eseandre Mordi
⬤ Galaxy Digital Inc. (GLXY) is finding its footing after an unsuccessful breakout attempt above $35 on the two-week chart. Buyers showed up around the $22 zone, creating a support floor that prevented a deeper slide following the rejection from higher levels. That support held firm after what turned out to be a fake-out move.
⬤ The chart tells a clear story: GLXY briefly pushed above the $35 resistance before quickly reversing, confirming the breakout didn't stick. That level remains a major horizontal barrier on the higher timeframe. After getting rejected, price dropped back to the low-$20s, where demand kicked in near $22. This zone has now been tested and successfully defended as key support.
⬤ Since holding at $22, GLXY has started building higher lows—a sign that selling pressure is easing and buyers are gradually stepping back in. The stock is consolidating above support while staying below the $35 ceiling, suggesting it's in a basing phase rather than breaking down. Even though the previous push above $35 failed, that level remains the main upside target for any future rally attempt based on the two-week structure.
⬤ This setup matters because it shows how a fake-out above resistance can reset the technical picture without killing the broader recovery trend. With support holding at $22 and higher lows forming, there's evidence of accumulation happening at lower levels despite the volatility near resistance. As GLXY continues consolidating below $35, how price behaves around these levels could shape sentiment and set up the next directional move in crypto-related stocks.
Eseandre Mordi
