Market Overview for Gala/Tether (GALAUSDT) as of 2025-09-26

• Gala/Tether (GALAUSDT) closed 0.01438 after a 24-hour dip to 0.01403, showing bearish momentum.
• Volatility expanded midday before tapering, with volume peaking at 30.8M near the close.
• A key 0.0143 support appears robust, but 0.0146 resistance remains a hurdle for bullish continuation.
• RSI signals oversold conditions, suggesting a potential short-term rebound is possible.
• Divergence in volume during the recovery phase raises questions about strength of buyers.

Gala/Tether (GALAUSDT) opened at 0.01483 on 2025-09-25 12:00 ET, hitting a high of 0.01486 and a low of 0.01403 before closing at 0.01438 on 2025-09-26 12:00 ET. Total 24-hour volume reached 418,778,298.0, with a notional turnover of $5,981,812.04. The pair has shown a bearish bias amid a volatile consolidation phase.

Structure & Formations

The 15-minute chart displayed a bearish continuation pattern, with a significant breakdown after forming a broad-range bar at 0.01456 on 2025-09-25 19:00 ET. Key support at 0.0143 was retested multiple times, forming a potential base for a short-term bounce. A bullish engulfing pattern emerged briefly in the early morning hours, but it was followed by a large bearish candle, confirming bear dominance. A key resistance at 0.0146 appears to be intact, with 0.0144 offering a minor barrier on the way up.

Moving Averages

On the 15-minute timeframe, the 20-period and 50-period SMAs both closed below the current price, reinforcing the bearish bias. The 50-period line was most recently at 0.01437, just below the current close. On the daily chart, the 50- and 200-period SMAs are still above the current price, indicating that the longer-term trend remains neutral to slightly bearish. The price has not yet crossed back above the 100-period SMA, suggesting further consolidation may be ahead.

MACD & RSI

The MACD showed bearish divergence, with the histogram shrinking as the price found support near 0.0143, signaling weakening bearish momentum. The RSI bottomed around 28 during the low at 0.01403, indicating oversold conditions and hinting at a potential rebound. However, the RSI failed to break back above 40 during the recovery phase, suggesting that sellers could reemerge if the price tests 0.0143 again.

Bollinger Bands

Volatility expanded midday as price moved from 0.01406 to 0.01440, pushing the price toward the upper band. However, this expansion was followed by a contraction as the pair settled near the lower band by the close, indicating a possible shift toward consolidation. The current price of 0.01438 sits just above the 20-period Bollinger Band midline, suggesting that a test of the lower band at 0.01429 may occur in the next 24 hours.

Volume & Turnover

Volume was highly uneven, with the peak at 30.8M occurring during a downward leg from 0.01440 to 0.01403. This suggests a strong bearish impulse during that period. However, the volume during the subsequent recovery to 0.01438 was significantly lower, indicating weak buyer participation. Notional turnover mirrored the volume trend, peaking at $448,296 during the decline and falling to around $300,000 during the rebound.

Fibonacci Retracements

Applying Fibonacci to the 24-hour swing from 0.01486 to 0.01403, the 0.01438 close aligns closely with the 61.8% retracement level, suggesting a potential pivot point. The 38.2% level at 0.01449 could serve as a short-term resistance, while the 50% level at 0.01444 is also worth watching. On the daily chart, the 0.01461 level is a key Fib retracement from the recent high to the 0.01403 low, offering a potential reversal zone.

Backtest Hypothesis

Given the observed bearish divergence on the MACD and the oversold RSI, a potential backtesting strategy could involve a long bias on a break above 0.0144, with a stop-loss placed below 0.01424 and a target at 0.01461. This approach is grounded in the idea that the 0.0144 level represents a key psychological barrier and Fibonacci retracement point. Traders could look for confirmation of the breakout with a volume spike and a closing candle above the 0.01444 level to confirm the reversal.