Market Overview for Gala/Tether (GALAUSDT) – 24-Hour Summary

• Gala/Tether (GALAUSDT) traded lower overnight with key support holding near 0.01515–0.01505.
• Volatility expanded into early morning hours, with volume surging over 65 million across the 24-hour window.
• Momentum indicators showed bearish divergence, with RSI approaching oversold territory and MACD trending downward.
• A bearish flag pattern formed between 0.01555 and 0.01515, suggesting potential continuation lower.
• Fibonacci retracements from the 0.01555–0.01505 swing point key levels at 0.01533 and 0.01523.

The Gala/Tether (GALAUSDT) pair opened at 0.01551 on 2025-09-24 at 12:00 ET and closed at 0.01472 by 12:00 ET the following day. The 24-hour high reached 0.01558 while the low fell to 0.01466, indicating a bearish overnight trend. Total traded volume for the 24-hour period was 332,642,390, with notional turnover reaching $5,132,185 (assuming a 1 Tether = $1). Price action suggests moderate bearish momentum, with key support levels currently holding near 0.01515 and 0.01505.

Structure and formation analysis on the 15-minute chart revealed a bearish flag pattern between 0.01555 and 0.01505, with a clear break below the consolidation range. Doji and bearish engulfing patterns were observed in the latter half of the 24-hour window, reinforcing the bearish bias. Notably, price found temporary resistance at 0.01558 and 0.01555, with the 0.01555 level acting as a psychological ceiling for several hours before breaking down.

Moving averages on the 15-minute chart showed a downward crossover between the 20 and 50-period lines, signaling bearish momentum. On the daily chart, the 50 and 200-period moving averages remain in a bearish alignment, suggesting a continuation of the broader trend. Price currently sits below both the 20 and 50-period lines, supporting a short-term bearish outlook. The 0.01525 level appears to be a minor area of consolidation and could act as a near-term support level.

Bollinger Bands expanded significantly during the early morning hours, indicating increased volatility. The price remained near the lower band for much of the 24-hour period, suggesting oversold conditions. The RSI dropped into oversold territory near 30, though a reversal has yet to confirm a potential rebound. MACD remains in negative territory with a bearish crossover between the line and signal line, supporting the continuation of the downward trend. Fibonacci retracement levels from the 0.01555–0.01505 swing show critical levels at 0.01533 (38.2%) and 0.01523 (23.6%) to watch for potential retests.

Looking ahead, traders may want to monitor key support levels at 0.01515 and 0.01505 for signs of a potential rebound. A break below 0.01505 could target the next level near 0.01490, but traders should remain cautious of increased volatility and potential bearish continuation. A bullish reversal would require a sustained close above 0.01525 and confirmation on both volume and momentum indicators.

Backtest Hypothesis
The backtesting strategy suggests a short-term bearish setup based on the confluence of bearish candlestick patterns, diverging momentum, and volume expansion. A potential short entry could be placed below the 0.01515 support level with a stop above 0.01525. A target of 0.01490 aligns with Fibonacci and Bollinger Band levels, offering a risk-reward ratio of 2:1. Historical data would be needed to confirm the strategy’s viability, but the current setup appears to align with the technical triggers outlined in the backtesting framework.