Market Overview for Gala/Tether (GALAUSDT) on 2025-12-21

Summary
• Price declined from a 5-minute high of $0.00634 to close near $0.00618 amid bearish momentum.
• Volume surged during the downward move, confirming bearish bias.
• RSI and MACD suggest overbought conditions resolved, with bearish momentum likely to persist.
• Bollinger Bands widened, showing increased volatility.
• Key support appears to be forming near $0.00614–0.00618.

At 12:00 ET–1 on 2025-12-20, Gala/Tether (GALAUSDT) opened at $0.00628, reached a high of $0.00634, and closed at $0.00618 by 12:00 ET on 2025-12-21. The total 24-hour volume was 154,830,423.0 units, with notional turnover amounting to $953,874.

Structure & Key Levels

The price broke below a prior support level around $0.00620 during early ET hours, forming a bearish engulfing pattern. A key support zone now appears at $0.00614–0.00618, where buyers may step in. Resistance is likely to be retested around $0.00628–0.00631.

Moving Averages

On the 5-minute chart, the 20- and 50-period moving averages are both in a bearish crossover, reinforcing the downward bias.

On the daily chart, the 50-period MA is approaching the 100-period MA from below, suggesting ongoing bearish momentum.

Momentum & Oscillators

The RSI dipped into oversold territory below 30 during the late afternoon and evening ET hours, indicating potential short-term buying interest. The MACD remains in negative territory with a bearish crossover, suggesting downward momentum remains intact.

Volatility & Bollinger Bands

Bollinger Bands have expanded significantly as the price moved lower, signaling increased volatility. The close at $0.00618 resides near the lower band, which could trigger a bounce or further consolidation depending on volume.

Volume & Turnover

Volumes spiked during the downward move, particularly between 20:00–22:00 ET, confirming bearish conviction. Notional turnover also increased as prices dropped, aligning with price action.

Fibonacci Retracements

On the 5-minute chart, the price appears to be testing the 61.8% Fibonacci retracement level of the recent bullish swing. A break below $0.00614 could trigger a move toward the 78.6% level.

Over the next 24 hours, traders may watch for a potential rebound from the $0.00614–0.00618 support range or a continuation of the bearish trend. A break below key support levels could increase downside risks for near-term holders.