Market Overview for Gala/Tether (GALAUSDT) – 2025-10-08

• GALAUSDT opened at $0.01546 and closed at $0.01559 after a volatile 24-hour session with a high of $0.01581 and a low of $0.01526.
• Momentum showed signs of divergence in the second half of the day, with RSI peaking near overbought and then retreating.
• Bollinger Bands expanded significantly, indicating heightened volatility, while volume spiked during late ET hours.
• Key resistance levels emerged around $0.01555–$0.0156 and $0.0157–$0.0158 during strong buying waves.

Gala/Tether (GALAUSDT) traded in a tight $0.01526–$0.01581 range over the past 24 hours, opening at $0.01546 on 2025-10-07 12:00 ET and closing at $0.01559 on 2025-10-08 12:00 ET. The total volume reached 68,541,090, and the notional turnover stood at $1,057,664. The pair experienced multiple swings and consolidation phases, with a late surge pushing prices higher.

Structure & Formations

Price found key resistance around $0.01555–$0.0156 and $0.0157–$0.0158 during the final hours of the session. Notable support was identified at $0.01545 and $0.01543, with price testing these levels multiple times. A strong bullish engulfing pattern formed between $0.01543 and $0.01556 during the early ET hours, suggesting a potential short-term reversal. A bearish harami pattern also emerged near $0.01542–$0.01545 as price consolidated mid-session, adding complexity to the pattern interpretation.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed multiple times, indicating choppy conditions with no clear trend. The 50-period MA remained slightly above the 20-period MA, suggesting a mild bias toward continuation of the current structure. On the daily timeframe, the 50-period and 200-period MAs were aligned closer, reflecting a possible consolidation phase. The 100-period MA provided a midline reference during consolidation phases.

MACD & RSI

The MACD showed a narrowing histogram and a zero-crossing near midday, suggesting a loss of upward momentum. RSI briefly entered overbought territory above 70 before retreating into neutral levels. A bearish divergence was observed in the final hours, as prices continued to rise while RSI declined, signaling a potential slowdown.

Bollinger Bands

Bollinger Bands expanded significantly during the day, with the price frequently touching the upper band in the late ET hours. Volatility increased after 20:00 ET, and prices often traded near the band’s extremes, reflecting strong short-term directional bias. The midline remained a key area of reference during consolidation phases.

Volume & Turnover

Volume spiked during the 14:00–16:00 ET window, particularly after the price broke through key resistance near $0.01555–$0.0156. The highest notional turnover occurred during the $0.0156–$0.0157 breakout, indicating strong participation. A divergence was noted in the final hour, as prices rose while volume declined slightly, raising questions about the sustainability of the move.

Fibonacci Retracements

The recent $0.01526–$0.01581 swing highlighted key retracement levels at 38.2% ($0.01551) and 61.8% ($0.01539). Price tested the 61.8% level twice during the day before pushing higher. The 38.2% level provided temporary support during a consolidation phase, while the 50% level at $0.01555 served as a key turning point.

Backtest Hypothesis

Applying a short-term breakout strategy focused on 15-minute price structures and volume confirmation, one could enter long on a break of the 61.8% Fibonacci level with a stop just below the 38.2% level. This approach, based on the observed structure and strong volume confirmation during the $0.0155–$0.0156 breakout, aligns with a high-probability entry during the final hours. A trailing stop could be used to capture continued momentum if RSI remains above 50 and MACD remains positive.