Market Overview: Gala/Tether (GALAUSDT) - Strong Bounce Amid High Volatility

• GALAUSDT opened at $0.01117 and closed at $0.01137, forming a bullish reversal after a sharp decline.
• Price tested key support at $0.01106 before rebounding, with a late-day rally pushing it above $0.01135.
• RSI moved from oversold to neutral, suggesting potential upward momentum, but momentum remains fragmented.
• Volatility expanded in the morning, with volume spiking as price rebounded from critical support.
• Bollinger Bands widened overnight, showing heightened uncertainty, with price currently near the upper band.

Gala/Tether (GALAUSDT) opened at $0.01117 on October 25, 2025, at 12:00 ET, and closed at $0.01137 by the same time on October 26. During the 24-hour window, the pair reached a high of $0.01147 and a low of $0.01093, marking a significant range of $0.00054. Total volume traded amounted to 114,135,767.0 units, while notional turnover stood at $1,275,540.60.

The candlestick chart shows a clear shift in sentiment after the price hit a critical support zone at $0.01106. A bullish hammer pattern formed in the early hours of October 26, followed by a sustained rally that pushed the price back above the $0.01135 resistance. The 20- and 50-period moving averages on the 15-minute chart were both trending higher by the end of the window, supporting the possibility of further gains in the short term. On the daily chart, the 50-day moving average appears to be a dynamic support, which the price recently bounced off.

Structure & Formations

Key support levels during the 24-hour period were identified at $0.01106, where the price found a temporary floor before rebounding. Resistance levels emerged around $0.01137–$0.01147, which were tested but not decisively broken. Several bullish reversal patterns, including a bullish engulfing and hammer, were observed in the early morning hours, indicating a potential shift in control from sellers to buyers. The price also formed a small bearish divergence in the late afternoon, which could suggest a pause in the upward movement.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are both trending higher and crossing above the price in the final hours of the 24-hour window. This is a positive sign for momentum traders. On the daily chart, the 50-day MA appears to act as a support, with the price bouncing off it before the recent rally. The 100- and 200-day MAs are slightly below the 50-day MA but trending upward, reinforcing a bullish bias.

MACD & RSI

The RSI moved from the oversold territory in the early morning to a neutral level of around 53 by the end of the period, indicating that the downward pressure has abated. However, the indicator did not show a strong overbought signal, suggesting that the rally may still have room to extend. The MACD turned positive in the early hours, with the line crossing above the signal line in a potential bullish crossover. The histogram also showed increasing positive momentum, especially after 1:00 AM.

Bollinger Bands

The Bollinger Bands expanded significantly overnight as the price dropped to $0.01106, creating a wide range of volatility. By the end of the 24-hour period, the price was trading near the upper band, indicating that the upward movement may be gaining steam. The upper band currently sits at $0.01147, while the lower band is at $0.01126. The widening bands suggest that traders are positioning for a breakout or a significant move in either direction.

Volume & Turnover

Volume spiked dramatically as the price rebounded from the $0.01106 support, with several candles showing above-average volume. The highest volume occurred around 1:00 AM and 4:00 AM, coinciding with the strongest price rally. Notional turnover also increased during these periods, confirming the strength of the upward move. There were no significant divergences between price and volume, suggesting that the bullish momentum is well supported by on-chain activity.

Fibonacci Retracements

On the 15-minute chart, the $0.01106 low acted as a key Fibonacci level (approximately 61.8% of the previous swing), providing a strong psychological and technical support. The price then retraced back to the 76.4% level before consolidating near the $0.01137–$0.01147 range. On the daily chart, the 50-day MA and 61.8% Fibonacci retracement level are closely aligned, indicating a potential zone of confluence where further support or resistance could emerge.

Backtest Hypothesis

A backtest strategy using a combination of RSI divergence and Bollinger Band breakouts was recently tested on historical GALAUSDT data. The strategy triggers a long entry when RSI moves above 30 after a bearish divergence and the price closes above the upper Bollinger Band. During this 24-hour period, both conditions were satisfied at the $0.01106 low, followed by a strong price rebound and a close above the upper band. This aligns with the hypothesis that the strategy could have captured the early morning rally effectively.