Market Overview for Gala/Tether (GALAUSDT) as of 2026-01-13

Summary
• GALAUSDT opened at 0.00701 and closed near 0.00688, with bearish momentum and volume divergence.
• Price formed a descending pattern, breaking below key 0.00690 psychological support.
• MACD and RSI both signal weakening bullish momentum and potential oversold conditions.
• Volatility expanded mid-day, but volume failed to confirm price declines.
• Bollinger Bands show contraction and price is now at lower band, suggesting possible rebound.

Gala/Tether (GALAUSDT) opened at 0.00701 at 12:00 ET−1, reached a high of 0.00705, and closed at 0.00688 at 12:00 ET. The pair traded within a range of 0.00705 to 0.00680, with total volume of 58,424,527 and turnover of $425,299.40.

Structure & Formations

The 24-hour candlestick pattern shows a bearish bias, with several key breakdowns below 0.00690. A long lower wick in the 22:30–23:00 ET period suggests rejection of higher bids, while the final candle at midnight closed near the low, signaling bearish exhaustion. A potential support level forms at 0.00685, aligning with a 61.8% Fibonacci retracement of the key 0.00680–0.00705 swing.

Moving Averages

On the 5-minute chart, price broke below the 20- and 50-period moving averages, indicating short-term bearish bias. On the daily chart, the 50-period MA is likely above the 200-period, but without access to daily data, we can only infer continued bearish pressure from the 5-minute structure.

MACD & RSI

The MACD turned negative and is trending downward, confirming bearish momentum. RSI is hovering near 30, suggesting the pair may be approaching oversold territory, though caution is needed due to lack of immediate buying pressure.

Bollinger Bands

Volatility expanded after 17:30 ET, but price has since consolidated near the lower Bollinger Band. The bands are tightening, indicating potential for a short-term rebound, though a break below 0.00685 could extend the range.

Volume & Turnover

Volume spiked significantly at 22:30 ET as the price moved lower, but turnover failed to follow suit. This divergence suggests bearish conviction may be fading, and any further drop could attract bargain hunters.

Given the recent bearish exhaustion and potential oversold RSI, GALAUSDT could test the 0.00685–0.00680 support range over the next 24 hours. However, without strong volume confirmation, a rebound may be short-lived. Investors should monitor for a break above 0.00695 as a reversal signal, but remain cautious on further downside risks.