A widely followed crypto analyst is suddenly turning bullish on Gala (GALA) and two other altcoins.
Pseudonymous crypto trader The Flow Horse tells his 186,500 followers on the social media platform X that the native asset of the blockchain-based gaming platform Gala is in an uptrend.
-->He says that key metrics like the cumulative volume delta (CVD), an indicator that aims to identify divergences by comparing buying and selling volume over a given time period, are flashing bullish.
“Bought some GALA.
• Looks like ‘drift of death’ for shorts.
• That drift up is all spot, as seen in very divergence spot, perp (perpetual future contracts) CVDs.
• Gaming sector, which has not truly had its day in the sun.
• Trend strong and intact 20-day SMA (simple moving average) + one SD (standard deviation) anchor VWAP (volume weighted average price) band holding.”
Source: The Flow Horse/XGala is trading for $0.0301 at time of writing, up 1.3 in the last 24 hours.
Next up, the trader says that he is bullish on decentralized exchange (DEX) dYdX after it flipped a key resistance level into support, among other factors.
“DYDX unlock is over and spot CVD is roofing while perp still fades.
• DEX narrative getting stronger by the week.
• Technical retest of the most pivotal level of the last two years, resistance now support.
Patience. Higher.”
Source: The Flow Horse/XAt time of writing, dYdX is trading for $3.08, down 1 in the last 24 hours.
Lastly, the trader says that Celestia (TIA) a blockchain built to enable anyone to launch their own decentralized networks at minimal cost, remains in a massive uptrend.
“Bought more TIA.
• This has yet to make anyone really chase or blow off.
• Derivs (derivatives) open interest is where it was when it was half the price.”
Source: The Flow Horse/XTIA is trading for $10.94 at time of writing, up 27.8 in the past 24 hours.
