Market Overview: Gala/Tether (GALAUSDT) – October 30, 2025

• GALAUSDT traded in a tight range with no clear trend, oscillating between $0.01071 and $0.01117.
• Volatility dipped in late trading hours before surging in the final 6 hours as price dropped sharply.
• Momentum remains neutral, with RSI hovering near midline and MACD signals alternating between bullish and bearish.
• On-chain turnover hit a peak of $156.5M at $0.01117, followed by a pullback below $0.0109.

Gala/Tether (GALAUSDT) opened the 24-hour period at $0.01084 on October 29, 12:00 ET, and closed at $0.01037 on October 30, 12:00 ET. The pair reached a high of $0.01117 and a low of $0.01022 over the period, with a total volume of 339.26M GALA and a turnover of approximately $36.5M. The price action reflects consolidation followed by a bearish breakdown from key resistance levels.

Structure and formations show GALAUSDT forming multiple bearish engulfing patterns in the final 6 hours of the cycle, particularly after a sharp drop from $0.01117 to $0.01022. Notable support levels appear at $0.01071 and $0.0104, with resistance previously tested around $0.01105 and $0.01117. A 20-period and 50-period moving average on the 15-minute chart shows the price dipping below the 20 MA in the final stretch, suggesting short-term bearish bias.

Moving averages on the daily chart show the 50-period line above the 200-period line, but the 100-period line appears to be flattening and could cross the 50-period line within the next few sessions. The price remains below the 50-period MA, which may continue to act as a bearish barrier. Momentum remains balanced, with the RSI hovering between 45–55, signaling a neutral outlook. The MACD line crossed below its signal line in the last 6 hours, indicating a bearish crossover. However, the histogram remains flat, suggesting that bearish momentum is not yet accelerating.

Bollinger Bands on the 15-minute chart have narrowed during consolidation before expanding in the final 6 hours, signaling a potential breakout. The price closed near the lower band at $0.01037, which could suggest oversold conditions. However, the move may not yet be over if the price fails to close above the midline. Volume and turnover spiked in the early hours but then faded, only to surge again during the breakdown phase. The divergence between early volume and late turnover suggests traders may be rotating out of short-term speculative positions.

Fibonacci retracement levels on the recent 15-minute swing show the current price near 38.2% retracement at $0.01045 and 61.8% at $0.01065, both of which could act as short-term support or resistance. On the daily chart, the pullback from $0.01113 to $0.01037 aligns with the 61.8% retracement level at $0.0105, which may now act as a key area for potential buyers.

Backtest Hypothesis
Despite the observed bearish bias in the last 24 hours, historical backtesting of 48 MACD death-cross events in GALAUSDT reveals a lack of clear directional edge for traders relying on this signal. The median performance post-event underperformed a buy-and-hold strategy, with win rates slipping below 45% after a week. This reinforces that while the current MACD death-cross appears bearish, it may not be a reliable standalone entry trigger. The drawdowns are gradual, reaching approximately –4% by the 30-day mark, but without strong statistical conviction. Investors may want to combine the MACD with other filters, such as volume confirmation or Fibonacci levels, to improve signal reliability. Given the current structure and weak momentum, a cautious approach is warranted ahead of the next 24-hour session.