A Crypto Analyst Turns Bullish on Gala, dYdX, and Another Altcoin
A well-known crypto analyst has recently become bullish on Gala (GALA) and two other altcoins. The trader, known as The Flow Horse, shares on Twitter that Gala, the native asset of a blockchain-based gaming platform, is experiencing an uptrend. The analyst points to positive indicators like the cumulative volume delta (CVD), which detects divergences by comparing buying and selling volume over a specific time period.
The Flow Horse also expresses optimism about decentralized exchange (DEX) dYdX, stating that it has successfully turned a key resistance level into support. The trader believes that the DEX narrative is strengthening and sees a technical retest of a crucial support level as a positive sign.
Lastly, The Flow Horse remains bullish on Celestia (TIA), a blockchain designed to enable the launch of decentralized networks at low costs. According to the trader, TIA is still in a significant uptrend, with open interest in derivatives remaining high.
Hot Take: Crypto Analyst Identifies Promising Altcoins
A prominent crypto analyst known as The Flow Horse has recently expressed bullish sentiments towards Gala (GALA), dYdX, and Celestia (TIA). The analyst highlights positive indicators for each altcoin and believes they are poised for further growth. With the gaming sector gaining momentum, Gala’s native asset is experiencing an uptrend. Additionally, dYdX’s successful resistance-to-support flip and strengthening DEX narrative make it an attractive investment opportunity. Lastly, Celestia’s massive uptrend and stable derivatives open interest make it an appealing option for investors. As these altcoins continue to show positive signs, they may present lucrative opportunities in the crypto market.
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