Insights from a Crypto Expert: Gala, dYdX, and a Rising Altcoin – A Positive Analysis
Crypto analyst The Flow Horse, with a substantial following of 186,500 on X, has shifted to a bullish stance on Gala (GALA) and two additional altcoins.
According to the trader, Gala’s native asset is on an upward trajectory, with key metrics such as cumulative volume delta (CVD) signaling a bullish trend. Emphasizing the dominance of spot trading and the gaming sector’s potential. The analyst notes the strong and intact 20-day SMA and one SD anchor VWAP band holding. Gala is currently priced at $0.0301, reflecting a 1.3% increase in the last 24 hours. Moving to decentralized exchange (DEX) dYdX, the analyst expresses bullish sentiments after the coin converted a crucial resistance level into support. Highlighting the strengthening DEX narrative, the trader suggests patience for potential upward movement.
At present, dYdX is trading at $3.08, down 1% in the last 24 hours. Finally, The Flow Horse asserts the enduring uptrend of Celestia (TIA), a blockchain designed for cost-effective decentralized network launches. Noting the lack of speculative fervor and consistent derivatives open interest, the trader indicates optimism by increasing TIA holdings. As of now, TIA is valued at $10.94, showcasing a remarkable 27.8% surge in the past 24 hours.
Clever Robot News Desk 7th December 2023
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