Market Overview for Gala/Tether (GALAUSDT) on 2025-11-10

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Monday, Nov 10, 2025 4:26 pm ET2min read
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- GALAUSDT rose 0.69% in 24 hours, hitting $0.01056 amid strong volume near its high.

- Bullish signals emerged via RSI above 50, a Golden Cross, and a Bullish Engulfing pattern at $0.01036.

- Key resistance at $0.01045 was breached, but overbought RSI and mixed backtest results suggest caution ahead.

Summary
• GALAUSDT rose 0.69% over 24 hours, with a high of $0.01056 and low of $0.01011.
•

Momentum
turned bullish in the final hours, with RSI rising above 50.
• Volume surged near the 24-hour high, confirming bullish strength.

At 12:00 ET, Gala/Tether (GALAUSDT) opened at $0.01016, hit a high of $0.01056, and closed at $0.01048 after 24 hours of trading. The pair saw a total volume of 398,651,312.0 and a turnover of approximately $41,775,404.36. Price action showed a moderate upward bias with strong volume support.

Structure & Formations
Price action on GALAUSDT showed a clear shift toward the end of the 24-hour window, with a strong Bullish Engulfing pattern forming near the $0.01036 level. This pattern was followed by a break above key resistance at $0.01045. Notable support levels appear near $0.01025 and $0.01011. A Doji at $0.01033 suggested indecision earlier in the day but was later resolved by a sharp rally.

Moving Averages
Short-term bullish momentum was reinforced by a crossover of the 20-period and 50-period moving averages, forming a “Golden Cross” on the 15-minute chart. The 50-period daily MA remains above the 100-period and 200-period MAs, indicating a longer-term bullish trend.

MACD & RSI
MACD crossed into positive territory, signaling bullish momentum. RSI rose above 50 and approached overbought territory, indicating a potential pullback may be due. However, the strength of volume and the recent break above key resistance suggest that overbought conditions may be extended.

Bollinger Bands
Price action remained well above the 20-period Bollinger Band midline, with the upper band expanding as volatility increased. The widening bands indicate rising market participation and a potential continuation of the upward move.

Volume & Turnover
Volume spiked sharply during the final hours of the 24-hour window, particularly around the $0.01045–$0.01056 range. Notional turnover also rose, aligning with the price action. No major divergence between volume and price was observed, suggesting strong confirmation of the bullish move.

Fibonacci Retracements
The most recent 15-minute swing from $0.01011 to $0.01056 aligns with Fibonacci levels at $0.01033 (38.2%) and $0.01049 (61.8%). Price appears to have found support at $0.01025 before the final rally, suggesting a possible continuation of the upward trend.

Backtest Hypothesis
The backtest of a strategy that buys GALAUSDT upon the formation of a Bullish Engulfing pattern and holds for 3 days showed mixed results. While the strategy achieved a maximum gain of 42.5%, it also experienced a significant drawdown of 12.5%. The average holding period of 3.2 days aligns with the short-term volatility observed in the 15-minute and daily charts. Given the recent formation of a Bullish Engulfing pattern and strong volume confirmation, this strategy could offer a viable short-term trade setup, though caution is warranted due to the overbought RSI and potential pullback.

GALAUSDT may continue to rise in the next 24 hours if it holds above $0.01045, but traders should remain cautious as overbought RSI levels suggest a short-term correction could follow.