Gala/Tether (GALAUSDT) Market Overview: 2025-11-01

• GALAUSDT opened at $0.01013 and closed at $0.01033 over the 24-hour period.
• The pair saw a high of $0.01037 and a low of $0.00981, with a 3.9% intraday swing.
• Total volume reached 195.2 million, while turnover climbed to $1.033 million.
• Price formed multiple bullish reversals near $0.01 and a bearish breakdown below $0.01.
• RSI suggested overbought conditions near $0.0103–0.0104, hinting at potential consolidation.

Gala/Tether (GALAUSDT) opened at $0.01013 on 2025-10-31 12:00 ET and closed at $0.01033 on 2025-11-01 12:00 ET. During the 24-hour period, it reached a high of $0.01037 and a low of $0.00981, marking a 3.9% intraday range. Total volume amounted to 195.2 million tokens, and turnover was $1.033 million. The price trend shows a strong bullish reversal in the latter part of the session, following a deep pullback.

Structure & Formations

Key support was observed near $0.0100–0.01005, with price forming several bullish reversal patterns, including a hammer on the $0.00986–0.01001 range. A bearish engulfing pattern appeared on the $0.01001–0.00986 range early in the session. Resistance levels emerged at $0.0103 and $0.0104, with a potential breakout forming in the final hours of trading. A potential bullish continuation is visible above $0.0103, marked by tight consolidation and a narrow range of 15-minute candles.

Volume & Turnover

Volume surged on the final hour, with a 15-minute candle recording 19.5 million tokens at $0.01033–0.01037, signaling a strong conviction behind the move. Turnover rose in tandem with volume, with no significant divergence between price and turnover. A large volume spike around $0.0103 suggests increased accumulation from buyers, which could indicate a possible breakout attempt from the recent range.

Moving Averages

On the 15-minute chart, the price traded above the 20-period and 50-period moving averages for most of the session, confirming a bullish bias. The 20-period MA rose from $0.00998 to $0.0103, showing an accelerating trend. The 50-period MA lagged slightly behind but showed a similar direction, reinforcing the uptrend. On the daily chart, price remains above the 50, 100, and 200-day MAs, suggesting long-term bearish bias remains in check.

Bollinger Bands & Volatility

Volatility expanded as the price approached the upper band on the final 15-minute candle, indicating a possible overextension. The 20-period Bollinger Bands widened from a contraction phase in the early session, suggesting a return of volatility. Price closed near the upper band, potentially indicating an overbought condition and setting the stage for a pullback.

MACD & RSI

The 15-minute MACD crossed above the zero line and remained bullish, with a positive divergence forming in the final hour. RSI surged to 68–72 on the $0.0103 range, indicating overbought conditions. A potential reversal signal may emerge if RSI fails to sustain above 70. The daily RSI remains in neutral territory, suggesting no extreme momentum for a near-term reversal.

Fibonacci Retracements

The key 15-minute swing from $0.00981 to $0.01037 shows 38.2% at $0.01019 and 61.8% at $0.01026. Price has tested the 38.2% level multiple times without breaking through, suggesting it remains a key psychological barrier. On the daily chart, the 61.8% level of the larger swing from $0.00981 to $0.01033 lies at $0.01012–0.01013, where the price has shown multiple reversals in recent sessions.

Backtest Hypothesis

The backtesting strategy under review focuses on a “hold 5 days” rule applied to the GALAUSDT pair, using close prices from 2022-01-03 to 2025-10-31. The absence of stop-loss or take-profit mechanisms allows for capturing both bullish and bearish momentum over a short-term horizon. This approach aligns with the observed 15-minute and daily momentum patterns, particularly the recurring 38.2% and 61.8% Fibonacci retracement levels, which can act as natural entry and exit points. The strategy’s performance can be further refined by incorporating the RSI and Bollinger Band signals identified in this report to enhance risk-adjusted returns.