One popular cryptocurrency trader is bullish on the blockchain gaming platform.
The pseudonymous analyst is known as Altcoin Sherpa Tells His 213,600 followers on social media platform
The analyst believes that the GALA indicator may rebound after reaching Fibonacci zones.
“GALA: Buy here in green boxes if you like money.”
GALA is approaching this range and is trading at $0.0567 at the time of writing. The crypto asset, which ranks 58th by market capitalization, has fallen more than 9% in the past 24 hours.
Altcoin Sherpa also shares his analysis on Bittensor (TAO), a decentralized blockchain platform focused on machine learning and artificial intelligence (AI).
“I would like to see this calm down and form a long-term bottom. I still see this as being good in this cycle as an AI leader, but things are looking ugly in the short term.” [dollar-cost average] $400 to $500 on this.”
TAO is trading at $522.02 at the time of writing. The 41st ranked crypto asset by market cap has fallen more than 7% in the past 24 hours.
Altcoin sherpa too He says The charts may look bearish for Ethereum (ETH) layer 2 scaling solution Arbitrum (ARB).
“Some of these charts look dirty. Would you like to see some upside here or possibly ARB hitting $1.20.”
ARB is trading at $1.46 at the time of writing. The crypto asset, which ranks 33rd by market capitalization, has fallen nearly 7% in the past day.
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